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Barclays, RBS Profit May Drop on Trading and Insurance Costs

Barclays Plc and Royal Bank of Scotland Group Plc, Britain’s second- and third-biggest banks, will probably say first-half earnings were hurt by a drop in investment banking revenue and by provisions for mis-sold mortgage insurance.

Barclays will post net income of 1.29 billion pounds ($2.1 billion) for the six months to June 30, down from 2.43 billion pounds a year earlier, according to the median estimate of seven analysts surveyed by Bloomberg. RBS will swing to a 1.1 million-pound loss from a 9 million-pound profit, according to the median of four analysts.