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      "text": "We reiterated our guidance - and it's good to see that folks agree with us - around 50 to 60 [bps] loan loss ratio for the full year.",
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      "text": "loan loss ratio: 50 to 60 bps",
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      "text": "It's interesting. As rates have continued to rise in the U.K. and inflation has been a bit more persistent than perhaps we expected, we saw a very natural reaction from the market and analysts that actually predicted higher levels of impairment.",
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      "text": "Maybe we'll put up the next ARS question, about how comfortable are you with Barclays' asset quality and provisioning. And just maybe we could expand upon that. There's kind of limited signs of credit stress out there.",
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      "text": "Within CC&P, which is our consumer cards and payments business, that's got U.S. cards in it and our Private Bank. That's a business that we're growing, but we're disciplined to create operating leverage, positive jaws.",
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      "text": "Maybe we'll go to the next ARS question. \"What do you think it will take for Barclays to close its valuation gap?\" ... Barclays is trading at 0.5x tangible book - which she thinks is too low - what do you think the market is missing?",
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      "text": "I mean, just to emphasise what Anna has said, there's a pot of investment that we make which continues to give us cost benefit, and the digitisation of our BUK retail offerings is exactly about that...",
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      "text": "And then, within the CIB, we've been investing very selectively in businesses that contribute to the continued great performance of that business, and we're focused over time in generating positive jaws, too. Venkat.",
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      "text": "In Q2, our impairment charge I think was lower than consensus anticipated... So, we reiterated our guidance - and it's good to see that folks agree with us - around 50 to 60 [bps] loan loss ratio for the full year.",
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      "text": "Barclays is trading at 0.5x tangible book - which she thinks is too low - what do you think the market is missing? And what are you doing to change that? - Jason Goldberg",
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