morosem

JPMorgan and the Concentration of Risk

<quote>
Should the country enter a “severe” recession ... the company would find itself with a Tier 1 Capital Ratio that would be quickly approaching 7% ... When compared to its peer’s capital ratios, ... we would see that JPMorgan would have the lowest capital ratio of them all should events unfold in such a manner.
<unquote>

Is the author of this article suggesting that if USA enter a “severe” recession, only JPM's Tier 1 Capital Ratio would be impacted adversely while all the other banks' would not?