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CONSOLIDATED STATEMENT OF INCOME (LOSS) (UNAUDITED) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Finance and other interest income $ 773 $ 907
Interest expense on debt held by:    
Interest expense 379 499
Net interest income 394 408
Provision for credit losses 24 791
Net interest income (loss) after provision for credit losses 370 (383)
Other revenues:    
Derivative related income (expense) (100) 205
Gain (loss) on debt designated at fair value and related derivatives 16 (396)
Servicing and other fees from HSBC affiliates 7 9
Lower of amortized cost or fair value adjustment on receivables held for sale 454 0
Other income (23) (13)
Total other revenues 354 (195)
Operating expenses:    
Salaries and employee benefits 64 44
Occupancy and equipment expenses, net 9 10
Real estate owned expenses 22 29
Other servicing and administrative expenses 105 66
Support services from HSBC affiliates 68 66
Total operating expenses 268 215
Income (loss) from continuing operations before income tax 456 (793)
Income tax (expense) benefit (152) 288
Income (loss) from continuing operations 304 (505)
Discontinued Operations (Note 2):    
Income (loss) from discontinued operations before income tax (119) 557
Income tax benefit (expense) 41 (207)
Income (loss) from discontinued operations (78) 350
Net income (loss) 226 (155)
Debt issued to HSBC affiliates [Member]
   
Interest expense on debt held by:    
Interest expense 51 40
Debt issued to non-affiliates [Member]
   
Interest expense on debt held by:    
Interest expense $ 328 $ 459