What is Monte dei Paschi di Siena?
Banca Monte dei Paschi di Siena is universally recognized as the oldest surviving bank in the world, having maintained continuous operations in Siena, Italy, since its founding in 1472. Originally established as a municipal pawnshop to provide assistance to the disadvantaged classes of the city, the institution grew into a major Italian retail and commercial bank. Despite facing significant financial restructuring and government intervention during modern European debt crises, it remains a historically vital institution deeply intertwined with Italian banking heritage.
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