The Banca Monte dei Paschi di Siena is that the world's oldest bank. The Banca Monte dei Paschi di Siena was created in 1624, but its history dates back to a spiritual mount founded in 1472. Monte dei Paschi will presumably still exist as a name on bank branches throughout central Italy, and consumers will likely not notice much of a difference initially . However, the bank will not be a stand-alone organisation, serving as a living reminder that Italian merchants established modern banking during the Renaissance.
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