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Peruzzi capital had been amassed in the textile business that was the main engine of Florence's prosperity. English wool finished as high-quality cloth in Bruges was bought by Peruzzi fattori and distributed to the luxurious courts of Paris, Avignon or returned to London.
The House of Bardi was an influential Florentine family that started the powerful banking company Compagnia dei Bardi.In the 14th century the Bardis lent Edward III of England 900,000 gold florins, a debt which he failed to repay along with 600,000 florins borrowed from the Peruzzi family, leading to the collapse of both families' banks.
However, Villani was not an independent source; his brother was a member of the Peruzzi company that also went bankrupt. [3] Villanni said that Edward owed the Bardi 900,000 gold florins (£135,000) and the Peruzzi 600,000 (£90,000). [4] However, the Peruzzi's records show that they never had that much capital to lend Edward III.
Bankruptcy. The mere word can evoke shame, fear and dread -- and for good reason. When you file for bankruptcy, your credit score takes a major blow, possibly dropping as much as 240 points,...
The bankruptcy of the Scali bank was used by Austrian economists to build up their case against the investment of deposited funds by bankers (known as fractional-reserve banking). [ 6 ] After the collapse of the bank, the Scali family remained politically active on the Florentine scene.
A Los Angeles-based company that owns more than a dozen hospitals in four states filed for bankruptcy late Saturday night, the second major system acquired by private equity to collapse in less ...
The Softbank-backed company is working with FTI Consulting and law firm Kirkland & Ellis to explore strategic options, including bankruptcy, to address $1.5 billion of debt on its bala
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