JPMorgan Chase & Co.’s ratio of capital to total assets falls short of a proposed U.S. minimum that Chief Executive Officer Jamie Dimon criticized for diverging from the standard other nations’ lenders face.
JPMorgan’s so-called leverage ratio at its holding company is 4.7 percent, below the 5 percent proposed U.S. minimum, the New York-based bank said today in a presentation. The ratio at its deposit-taking subsidiary is even lower, creating a wider gap to the 6 percent proposed standard for those units, Chief Financial Officer Marianne Lake said on a conference call.
