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JPMorgan and the Concentration of Risk [View article]
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?