In response to this extra available money, northern European banking interests came along; among them was the Fugger family. The Fuggers were originally weavers and cloth merchants, but soon became involved in banking, charging interest, and other financial activities. They dealt with everyone, from small-time individuals, to the highest nobility. Their banks even loaned to the emperors and kings, eventually going bankrupt when their clients defaulted. This family, and other individuals, used Italian methods which outpaced the Hanseatic League's ability to keep up with the changes occurring in northern Europe.
In response to this extra available money northern European banking interests came along; among them was the Fugger family. The Fuggers were originally weavers and cloth merchants, but soon became involved in banking, charging interest, and other financial activities. They dealt with everyone from small-time individuals, to the highest nobility. Their banks even loaned to the emperors and kings, eventually going bankrupt when their clients defaulted. This family and other individuals, used Italian methods which outpaced the Hanseatic League's ability to keep up with the changes occurring in northern Europe.