Many scholars attribute the historical origins of the modern banking system to medieval and Renaissance Italy, particularly the wealthy cities of Florence, Venice, and Genoa. The Bardi and Peruzzi families were prominent banking dynasties in fourteenth-century Florence, with branches throughout Europe (...
Text : The name bank derives from the Italian word banco which means desk/bench, used during the Renaissance by Florentine bankers, who used to make their transactions above a desk covered by a green tablecloth. Text : Text : A bank is a financial institution where you can deposit your ...
Renaissance moneychangers had earlier developed deposit banking in Italy, so two merchants could go to a banker and transfer funds from one account to another.” (Quinn 2002). Going back further, it seems that the …rst group that might deserve to be called bankers were the Templars, a rel...