Good asset quality relative to peers over an extended period. Leading market positions in U.K. banking and global investment banking. Reasonably diversified revenues by business line and by geography. In the midst of a period of significant restructuring. Investment banking, while being reduced in relative importance, increases group revenue volatility and confidence sensitivity relative to many peers. The combination of possible litigation charges and other exceptional items makes earnings outlook less predictable. The stable outlook on U.K.-based Barclays Bank PLC (Barclays) reflects Standard&Poor's Ratings Services' view that the bank's continued progress on its restructuring goals should solidify our assessment of its business stability. The outlook also reflects our expectation that capitalization, as measured by the risk-adjusted capital (RAC)
