Burning Capital: Why Kiwibank’s $500 Million Pitch Deserves a Closer Look

Steve Jurkovich’s interview on Markets with Madison, which aired earlier this week, offered a revealing look into how the CEO of Kiwibank views capital, growth, and competition. It was also cause for concern.

Rather than framing capital as a safeguard — a tool to ensure long-term resilience and depositor protection — Jurkovich described it as “fuel” to b…