Interesting Facts

The first bank to ever offer itself as a service of institution to the Public was the Banca Monte dei Paschi di Siena, which means "Bank Grouping of Assets of Pasture of Siena" with Siena being the capital city of Tuscany. Monte can also mean "mountain" but in this translation, it refers to "grouping of assets". The Banca Monte dei Paschi di Siena has been operating as a bank in Italy since 1472, and is the worlds oldest banking institution...


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