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Where was the first bank established in the world

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          Giovanni di Bicci de' Medici

          Italian banker and founder of the Medici bank

          Giovanni di Bicci de' Medici (c.&#; – February ) was an Italian banker and founder of the Medici Bank.

          While other members of the Medici family, such as Chiarissimo di Giambuono de' Medici, who served in the Signoria of Florence in , and Salvestro de' Medici, who was implicated in the Ciompi Revolt of , are of historical interest, it was Giovanni's founding of the family bank that truly initiated the family's rise to power in Florence.[1] He was the father of Cosimo de' Medici and of Lorenzo the Elder; grandfather of Piero di Cosimo de' Medici; great-grandfather of Lorenzo de' Medici (the Magnificent); and the great-great-great-grandfather of Cosimo I de' Medici, Grand Duke of Tuscany.[2]

          Biography

          Giovanni di Bicci de' Medici was born in Florence, Italy.

          He was the son of Averardo de' Medici and Jacopa Spini.[2] His father, Averardo died in with a respectable amount of