Mach the Knife
The business of banking (from the Italian word banco, meaning ‘counter’) was essentially Italian in origin. The Medici bank, founded in Florence in 1397, operated like a prototype mafia consortium: it rubbed out rivals and spread tentacles into what Niccolò Machiavelli called the alti luoghi (‘high places’) of local power interests. Undoubtedly, Medici money was at its most arrogant under the dictatorship of the merchant-poet Lorenzo de’ Medici, whose supremacy was dramatically challenged in the Pazzi conspiracy of 1478. Amid a fury of dagger blows in Florence’s cathedral (of all places) Lorenzo narrowly escaped assassination by bravos in the pay of the rival Pazzi family. In retribution, 70 presumed conspirators
