After the silting-up of the Zwin and the consequent decline of Bruges, the city of Antwerp, then part of the Duchy of Brabant, grew in importance. At the end of the 15th century the foreign trading houses were transferred from Bruges to Antwerp, and the building assigned to the English nation is specifically mentioned in 1510. Antwerp became the sugar capital of Europe, importing the raw commodity from Portuguese and Spanish plantations. The city attracted Italian and German sugar refiners by 1550, and shipped their refined product to Germany, especially Cologne.[19] Moneylenders and financiers developed a large business lending money all over Europe including the English government in 1544?1574. Important families, with immense wealth resided in the city amongst them the houses of Schetz, Ursel and Rockox. London bankers were too small to operate on that scale, and Antwerp had a highly efficient bourse that itself attracted rich bankers from around Europe. After the 1570s the city's banking business declined: England ended its borrowing in Antwerp in 1574.[20]
