Peak of Florentine Banking

Name: Peak of Florentine Banking
Start: 1351
End: 1360

Type Event Region Europe Time 1351–1360

Despite the bankruptcies of the Bardi and Peruzzi in the 1340s, Florence in the 1350s maintained its dominance in financial services for European cro…

Timeline

1351–1355Florence · TuscanyAfter the Peruzzi and Bardi went bankrupt, Florence's banking sector was carried on by smaller families and partnership firms handling international credit; bills of exchange and double-entry bookkeeping matured further, and the city's financial network quickly recovered its vitality.
1356–1360Florence · TuscanyThrough their Avignon papal branch and agencies in Bruges, London, and elsewhere, Florentine bankers provided loans and currency exchange to the pope, the French crown, and northern European monarchs, making Florence a hub of European cross-border finance.

Sources

The Medici: Godfathers of the Renaissance — Paul Strathern (2003)