Leading market positions focused on U.K. retail and corporate banking and global wholesale banking. Diversified risk profile by business and geography. Robust capital and liquidity positions. The economic downturn and rate cuts triggered by the COVID-19 pandemic increase credit impairments and pressure interest income. Exposure to higher risk market segments including unsecured consumer credit, leveraged finance, and corporate sectors vulnerable to the current economic downturn. Scope for revenue volatility and operational complexity in the large capital markets business. The negative outlook reflects increased downside risks to asset quality and earnings from the economic and market impact of the COVID-19 pandemic. Although we view positively Barclays' significant revenue diversity, robust balance sheet profile, and the unprecedented fiscal and monetary response, a
