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When the crisis loomed, one approach to try to avert it was to easily begin reducing the curiosity paid on discretionary and demand deposits. However such a transfer would have hurt the Medici name, and so it was undertaken too late. The financial institution's heavy leverage of their deposits meant that setbacks could possibly be sudden indeed.50 The fact that it seems to have been a common follow for Florentine banks to operate with as little as 5% of their deposits held in reserve lends additional support to the concept that collapses might happen abruptly when bad loans were found.fifty one Along with all of that, Lorenzo "the Magnificent" Medici was not at all concerned in regards to the bank. As an alternative, he selected to pay attention his time and his family's assets on patronizing artists and pursuing his own poetic and political interests.

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