Borsa di Genova

[3] The seat was initially placed in the Palazzo Gio Batta Senarega, but traders often returned to meet in the adjacent Loggia di Banchi, so in 1859 the Stock Exchange was moved back to its historical location.

[5] Among equities, bank shares played a preponderant role, since the financing of enterprises in those early decades was only partly based on direct recourse to the stock market.

[9] The gradual improvement of public accounts allowed the governments of the Historic Left to emancipate themselves from the financial and political tutelage of France and enter into the Triplice Alleanza with the Germany and the Austria.

When Francesco Crispi went into government in 1887, the Sicilian statesman pursued a decidedly protectionist policy, which allowed for a remarkable development of Italian industry.

The turning point in corporate financing came in the following years, when the Credito Italiano and the Banca Commerciale Italiana were established (with a major participation of German capital).

[12] The events of 1893 had, in fact, shown that the mixed banks needed a thriving stock market so that they could easily demobilise holdings to obtain liquidity.

The industrialisation of the Giolittian age, however, mainly concerned Milan and Piedmont, while the Ligurian and Tuscan banking 'aristocracy', linked to the French one, which had financed the post-unification period, declined.

[17] La Borsa di Genova, come le altre borse cittadine italiane, fu chiusa nel 1997, quando il cosiddetto «decreto EuroSIM» (D. Lgs.