Braavos was devastated - the war effort had taken a toll on the city's wealth, population, and resources. In 312 AC, just as Braavos seemed as if it would manage to recover, a terrible plague visited the city, killing more than half of the remaining population. Lorath and Lys launched banks of their own, and the Iron Bank quickly began to buckle under their combined pressure. With the House of Black and White and its terrifying Faceless Men gone, the Bastard Daughter of Valyria would never recover back to its former glory.