On today’s episode, Whatever Happened to… The Medici Bank.

The Medici Bank was, at its height, a conglomerate behemoth. The largest and most respected financial institution in Europe. An innovator and disruptor, establishing banking and accounting protocols, that exist to this day.

And then, in spectacular fashion, it collapsed. In a way so seminal that, even today, the collapse of the Medici Bank acts as a cautionary tale of what not to do. And not just because it was so impactful. But because the mistakes of the Medici Bank are mistakes we continue to see repeated in modern times.

The lessons that history teaches us: sometimes they are harder to truly learn than we think.

On today’s episode of The Risktory Podcast, I take you through the rise – and fall – of the Medici Bank.

The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.

All rights reserved.

Bibligraphy
https://en.wikipedia.org/wiki/Medici_Bank#Decline
https://study.com/academy/lesson/the-house-of-medici-rise-and-fall-of-a-banking-family.html
https://www.forbes.com/2008/10/30/medici-banks-meltdown-oped-cx_ms_1031simonetta.html?sh=4b9ce2f5129a