High levels of capital to absorb losses as a going concern and in a resolution scenario. Stable and low-risk earnings from global wealth management franchise and Swiss retail, private, and corporate banking. Demonstrated sound asset quality and a highly collateralized lending book. Market and operational risks from large markets-related businesses, which still represent a high share of revenues. Leading global franchise strength in wealth management, but overall activities are less diverse by geographies and business than higher rated peers. The stable outlooks reflect our view that the group's franchise in global wealth management and domestic corporate retail banking will continue to support group earnings. Furthermore, we think the rebalancing of the group's revenue mix away from investment banking and trading-related
