NOMISMA
BIBLIOGRAPHY

Wikipedia "Medici Bank" (based on de Roover).

Wikipedia (according to the sources of each article)

Claims Supported by This Source

  1. Used double-entry bookkeeping.
  2. Branches were independent partnerships, with the head office always holding a large share, similar to a modern holding company.
  3. Became "God's bankers" through a mobile branch that followed the Pope. The London branch suffered from loans to Edward IV.
  4. Bills of exchange could also be a way to legally collect interest in a disguised form (the exception being the dry exchange).

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