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A fortress balance sheet is a way of operating rather than a capital ratio: good margins, liquidity, capital, and the most conservative accounting you can find.
Drawn from what Jamie Dimon said
What Jamie Dimon actually said
- Jamie Dimon Chairman and chief executive of JPMorgan Chase
the fortress balance sheet is that you run a company serving clients well, you have good margins, good liquidity, good capital. I'm as conservative in accounting as you can find. I don't up-front profits when I can spread them over time.
Where this was said
Watch from 0:24:15 plays here↗The Jamie Dimon Interview: How JP Morgan Became an $800 Billion Bankyoutube.com
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