Good asset quality relative to peers. Leading business positions in U.K. banking and global investment banking. Reasonably diversified revenues by business line and geography. In midst of a period of strategic and cultural change. Investment banking increases group revenue volatility and confidence sensitivity. Modest internal capital generation and the possibility of litigation and customer redress charges weigh on our capital assessment. Weaker performing European businesses. Standard&Poor's Ratings Services' rating outlook on Barclays Bank PLC is negative as we continue to monitor the evolution and implementation of Barclays' strategic plans, which we understand encompass significant changes to the bank's cultural and business practices, among other developments. We could lower the ratings on Barclays if the bank is unable to
