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Barclays Bank PLC Apr 11
Standard & Poors, April 2011
Abstract
Leading business positions in core markets. Reasonably diversified revenue base by business line and geography. Strengthened liquidity position. Relatively resilient earnings performance. Revenue volatility and confidence sensitivity of extensive investment banking activities. Material residual exposures to legacy credit market assets. Risks inherent in substantial loan portfolios. The ratings on U.K. bank Barclays Bank PLC reflect Standard & Poor's Ratings Services' opinion of its robust business profile and less strong, but improving, financial profile. We consider that Barclays has a strong and diverse franchise by business line and geography, but with a relatively overweight position in investment banking through its Barclays Capital (BarCap) division. BarCap's performance has been volatile in recent years, reflecting cyclicality in revenues and write-downs. BarCap's share of...
Companies mentioned in this report are: Barclays Bank PLC,Barclays Bank S.A.,Absa Bank Ltd. (Unsolicited Ratings),Barclays Bank PLC (Australian Branch),Barclays Private Clients International Ltd.,Barclays US Funding LLC,Barclays Bank Ireland PLC,Barclays Bank Mexico S.A. ,Barclays PLC
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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