After Giovanni di Lorenzo de Medici got on the carriage, Marin asked curiously:

"Brother Giovanni, I remember that the Republic of Siena has a bad relationship with the Holy See. Why do so many cardinals deposit money into the Bank of Siena?"

Giovanni di Lorenzo de Medici thought for a while and said:

"You know, Italy has four financial powers - Venice, Geneva, Florence and Siena. However, these four countries are republics and have bad relations with the Holy See. Since the relationship is not good, it is almost the same for banks to be deposited in any country. Besides, these bankers do not care about your political position. As long as you have money, they will save them. Among the four financial powers, Siena is closest to Rome. Those bishops want to withdraw money, it is most convenient to get it from Siena!"

When Malin thought about it, this is true. However, he still asked:

"Don't Florence already belong to the Holy See? Why don't those cardinals deposit money into the bank of Florence?" Florence was defeated by Marin, and now the control is in the hands of the Holy See, and it is justified to keep the money in its own bank.

Giovanni di Lorenzo de Medici shook his head and said:

"That's right, but those cardinals have been working with the Bank of Siena for a long time and generally do not change banks easily. Moreover, these cardinals do not only save money in the Bank of Siena, but also in the Bank of Florence." Many people understand the principle of "Don't put eggs in a basket", let alone these scheming cardinals?

"That means, I have to pay back all the money I robbed from the Siena Bank vault?" Marin wailed.

Giovanni di Lorenzo de Medici smiled and said:

"That may not be true, but you must return the money from these cardinals in the Holy See!"

Marlin suddenly felt spirited:

"It's OK! I'll send someone back to Siena, get the books from the bank account, and return the money to the cardinals according to the list of books!"

Giovanni di Lorenzo de Medici shook his head and said:

"It's not that simple. Do you think those cardinals will deposit money under their real names? Many deposits will be deposited in the bank under a pseudonym so as not to freeze the account funds due to the bad relationship between the Holy See and the Republic of Siena..."

There are no real-name requirements these days, and many depositors will choose to be anonymous to avoid being found out. In order to attract deposits, banks also respect customers' privacy.

"So, after I retrieved the ticket stub from the Bank of Siena, I set up an office desk in Rome, which was specifically responsible for refunds, so that those cardinals with deposits could cash the bills with them?" Marin thought for a while, and thought of this way to refund the money.

"It's better not!" Giovanni di Lorenzo de Medici shook his head repeatedly and explained:

"The cardinals chose to deposit anonymously because they didn't want people to know. Didn't you let the public refund be exposed when you set up a desk in Rome? Moreover, if you let the public refund be caused by this kind of public refund, it would have a very bad impact. Although everyone knows that the bishops are corrupt and rich, there is no evidence. If you let the Roman people see the corruption and wealthy side of the bishops? This will be a serious blow to the reputation of the Holy See!"

"What should I do? They deposit money anonymously, how could I know which one is? Should I return the money, continue to maintain the operation of Siena Bank, and wait for them to withdraw money?" Marin said depressedly.

Giovanni di Lorenzo de Medici's eyes lit up and said:

"That's a good idea! Or do you leave the money behind and continue running the Siena Bank?"

"Continue to operate? But I am in Orich and I can't take care of Italy at all!"

Giovanni di Lorenzo de Medici said with a smile:

"You forgot that I am now supervising the banking industry in Florence? One is also in charge and two is also in charge. You are not good at bank management, I am good at it! If you are not at ease, you can send a trusted accounting agency to supervise the flow of funds! Think about it, the profit of opening a bank is more than 10%! Money can make money, which is much better than hiding in the warehouse!"

"But I still can't bear to leave the money..." That's a million gold coins, how can Marin give up?

"You are... Brother Marin, do you know that money can only exert its own power when it is circulated? If you can control a large bank with strong capital, your influence in Europe will be very huge! Have you heard of the power of capital?" Giovanni di Lorenzo de Medici, who was born in the Medici family, is very knowledgeable about finance.

Marin also reacted that he was blinded by the gold. In fact, if he really swallowed this wealth, he would have made countless enemies inadvertently. Especially those cardinals who had swallowed the money by him would definitely hate him. If Julius II wanted to reward Marin for his right to colonize America, they would definitely be strongly resisted, and might not be able to do so.

After a fierce ideological struggle, Marin finally planned to return the money. Moreover, it seems to be a very novel thing to open a bank with the future Pope.

In addition, as Giovanni di Lorenzo de Medici said, a super-large bank with a share capital of more than 1.5 million gold coins can indeed influence European politics.

Having controlled this bank, Marin could fund his allies according to his own ideas. Moreover, he could also refuse to lend to his enemies. Of course, he could also set up a trap for his enemies and deliberately lend to the other party, but he needed an important mortgage...

"By the way, what if the lender refuses to pay? You know, if those great nobles refuse to pay, there is nothing to do in the banking industry!" Marin asked worriedly.

This chapter is not over, please click on the next page to continue reading! Giovanni di Lorenzo de Medici laughed and replied:

"On ordinary nobles will not be liable for debts. After all, this is related to the face of the family. If it is said that a noble family will be liable for debts, then the family will be despised in the future and no one will be willing to date them. For nobles, reputation is very important, no less than life!"

Marin thought about it, but sneered in his heart - haha, it's usually the case, but you absolutely don't know that later, a Spanish king named Philip II invented the rogue trick of "state bankruptcy". He used bankruptcy as an excuse to drag down many bankers in Geneva and Germany. The famous Fuger family was defeated by the "state bankruptcy" of the Habsburg dynasty in Spain.

Unlike individual bankruptcy, if an individual goes bankrupt, the state law enforcement department will forcefully liquidate and auction the remaining assets to repay the debts as much as possible. However, after the state goes bankrupt, no law enforcement department dares to liquidate and auction the king's property. In this way, those weak bankers can only admit that they are unlucky.

In fact, during the reign of Charles V, Spain owed huge extra debts of up to 20 million Ducate gold coins due to the war of hegemony. In order to lose these debts, Charles V simply passed the throne to his son Philip II. Then, within two years, Philip II declared the bankruptcy of the country, which made the big bankers who loaned to Spain such as the Fuger family were stunned. After several shameless bankruptcies, the Fuger family, once the first financial family in Europe, was dragged down and left a bloody lesson for future generations of "don't lend money to people stronger than you"...

...

After hesitating for a while, Marin still told Giovanni di Lorenzo de Medici Giovanni di Lorenzo de Medici, and thought about it and felt that Marin's concerns were also correct. But how to solve this problem...

Marin was also thinking about a solution...

"Maybe, can we form a debt collection company? No, for the great nobles, ordinary debt collection methods are not feasible. Should we send troops to collect debts? Huh... this seems to be a solution..." Marin's eyes lit up immediately. Then, he told Giovanni di Lorenzo de Medici about this idea.

Giovanni di Lorenzo de Medici looked at Marin in surprise and said:

"Do you want the Beihai Army to collect debts from the bank? This... is inappropriate? It will cause diplomatic problems!" He was frightened by Marin's strange ideas anyway.

"Hehe, who said I want to use the army of Beihai Kingdom? I can use the mercenaries of the Hei Water Company!" Malin suddenly remembered that he seemed to have a shell company of the "Hei Water Mercenary Company". It seemed that he could be used as a thug for bank debt collection.

"Mercenaries collect debts... What a weird idea... But it seems feasible..." Giovanni di Lorenzo de Medici said after pondering for a while.

"That's it! We will resume the operation of Siena Bank. Brother Giovanni, you send someone to help me manage it, and I will send permanent accounting supervision funds. In addition, I will ask Blackwater Company to sign an employment contract with Siena Bank. Once someone maliciously refuses to pay the debt, Blackwater Company will send mercenaries to collect debts with armed forces!"

"This is good, just do it! By the way, you have to be careful that the former loan customers of Siena Bank had to pay back! After all, there were also loans of hundreds of thousands of gold coins from Siena Bank outside that were not recovered!"

"Don't worry, who dares to pay the debt? I will divide 10,000 troops and go to the door to arm the debt in the name of Hei Shui Company!"

"Ha ha!"

...
Chapter completed!