Siena ( , ; ) is a city in Tuscany, Italy. It is the capital of the province of Siena. The city is historically linked to commercial and banking activities, having been a major banking center until the 13th and 14th centuries. Siena is also home to the oldest bank in the world, the Monte dei Paschi bank, which has been operating continuously since 1472. Several significant Renaissance painters worked and were born in Siena, among them Duccio, Ambrogio Lorenzetti, Simone Martini and Sassetta, and influenced the course of Italian and European art. The University of Siena, originally called Studium Senese, was founded in 1240, making it one of the oldest universities in continuous operation in the world. Siena was one of the most important cities in medieval Europe, and its historic centre is a UNESCO World Heritage Site. From January until the end of September of 2021 it had about 217,000 arrivals, with the largest numbers of foreign visitors coming from Germany, France and the Netherlands. Siena is famous for its cuisine, art, museums, medieval cityscape and the Palio, a horse race held twice a year in Piazza del Campo. History Antiquity Siena, like other Tuscan hill towns, was first settled in the time of the Etruscans (c. 900–400 BC) when it was inhabited by a tribe called the Saina. A Roman town called Saena Julia was founded at the site in the time of the Emperor Augustus. According to local legend, Siena was founded by Senius and Aschius, two sons of Remus and thus nephews of Romulus, after whom Rome was named. Supposedly after their father's murder by Romulus, they fled Rome, taking with them the statue of the she-wolf suckling the infants (Capitoline Wolf), thus appropriating that symbol for the town. Additionally they rode white and black horses, giving rise to the Balzana, or coat of arms of Siena with a white band atop a dark band. Some claim the name Siena derives from Senius. Other etymologies derive the name from the Etruscan family name Saina, the Roman family name Saenii, or the Latin word senex "old" or its derived form seneo "to be old". Siena did not prosper under Roman rule. It was not sited near any major roads and lacked opportunities for trade. Its insular status meant that Christianity did not penetrate until the 4th century AD, and it was not until the Lombards invaded