Is Citigroup adequately provisioned for an economic slowdown?

According to Mark Mason, Citigroup is well-provisioned for virtually any economic scenario with over $22 billion in reserves against their loans, representing a 2.7-2.8% funded loan ratio. Their stress scenarios incorporate various economic conditions, including a base case assuming 5% unemployment and downside scenarios with 6.8% unemployment. While consumer credit losses have increased as part of expected normalization, corporate losses remain minimal due to their high-quality corporate loan book. Mason noted an interesting dichotomy in consumer behavior, with higher FICO score customers increasing spending while lower FICO consumers are reducing payment rates and increasing borrowing activity.