Global 500 rank: 22 (Previous rank: 26)
Profits (millions): $15,789
Change from 2005: 4.7%
Get quote: HBC
The faltering U.S. mortgage market hit the British global banking behemoth hard, costing it $725 million in pretax profits in 2006. Its total net income grew just 4.7%, to $15.8
billion, compared with 34.1% increase in 2005. But subsidiaries in two developing markets, Mexico and the Middle East, each added $1 billion to the bottom line.
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