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Education·13 June 2026·4 min read

Where the word "bank" comes from — and "bankrupt"

The first bankers worked on a wooden bench in the market square. When they went broke, their bench was broken. Two of today's words preserve the story.

Where the word "bank" comes from — and "bankrupt"
Image: domeniu public · Wikimedia Commons

In medieval Italy, money changers sat in the square at a long wooden bench — banca. There they weighed coins, exchanged currencies and kept merchants' gold. From that wooden bench comes today's word "bank".

The broken bench

If a changer could no longer pay his debts, people broke his bench — banca rotta, "the broken bench". From this comes the word "bankrupt". A powerful image: lost trust was made physical, in the broken wood.

In Kosron Bank

In the Kosron Bank game you learn exactly what those first bankers did: you hold deposits, give loans, calculate interest. Except it's all simulated, with KOSR — your wooden bench can never really break.