The Banca Tiberina (lit. 'Bank of the Tiber') was an Italian credit institution based in Turin, created in 1877. With much of its activity tied to property development, it collapsed in the severe Italian banking crisis of the early 1890s, and was placed into liquidation in 1895.[1]
History
In the 1860s, Swiss banker Ulrich Geisser and Giacomo Servadio built a network of companies that became centered on the Banca Italo-Germanica, which they established in 1871.[2] In the wake of the panic of 1873, however, some of their developments became unviable and needed restructuring.
The Banca Tiberina was established by Geisser and Servadio on 1877/05/17 and absorbed the former operations of the Banca Italo-Germanica. It soon involved itself in ambitious urban development projects, particularly in Turin, Rome, and Naples.[3] In 1884, it purchased the historic Palazzo Strozzi on the northern side of Largo di Torre Argentina, and made it its Roman seat in 1886 following extensive renovation.[4]