'The world's oldest surviving bank began as a pawnshop. '
Founded in the city-state of Siena, Italy, in 1472 as the equivalent of a pawnshop, Monte dei Paschi di Siena, known as "il Monte," is today one of the three largest banks in Italy, with 30,000 employees and a few thousand branches across the country. In 1995, Italy's Minister of the Treasury turned il Monte into a corporation named Banca Monte dei Paschi di Siena.