So when JPMorgan was holding at least $17.4 billion in physical commodities, equal to nearly 12 percent of its Tier 1 capital, how could JPMorgan claim that it met its commitment to keep 'the amount of physical commodities that it holds at any one time to 5 percent of its consolidated Tier 1 capital'?
Questioning JPMorgan's claim about physical commodities holdings and Tier 1 capital compliance.
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