The British lender Lloyds Banking Group said on Thursday that its first-quarter profit declined 44 percent from a year earlier, as the redemption of bonds it issued during the financial crisis and other charges cut into its results.
The bank, which is 9 percent owned by the British government after a bailout during the financial crisis, said it had recorded a charge of 790 million pounds, or about $1.2 billion, related to the buyback of so-called enhanced capital notes.
