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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 
 
2016
 
2015
  
Fourth
 
Third
 
Second
 
First
 
Fourth
 
Third
 
Second
 
First
 
(in millions)
Net interest income
$
82

 
$
109


$
140

 
$
182

 
$
169

 
$
182

 
$
168

 
$
184

Provision for credit losses

 
572

 
12

 
37

 
13

 
18

 
192

 
27

Net interest income after provision for credit losses
82

 
(463
)
 
128

 
145

 
156

 
164

 
(24
)
 
157

Other revenues
141

 
(11
)
 
392

 
(133
)
 
93

 
(98
)
 
138

 
(42
)
Operating expenses
109

 
135

 
713

 
138

 
507

 
232

 
522

 
148

Income (loss) from continuing operations before income tax (expense) benefit
114

 
(609
)
 
(193
)
 
(126
)
 
(258
)
 
(166
)
 
(408
)
 
(33
)
Income tax expense (benefit)
64

 
(203
)
 
(63
)
 
(56
)
 
(114
)
 
(129
)
 
(200
)
 
(28
)
Income (loss) from continuing operations
50

 
(406
)
 
(130
)
 
(70
)
 
(144
)
 
(37
)
 
(208
)
 
(5
)
Income (loss) from discontinued operations
33

 
2

 
(4
)
 
(4
)
 
(29
)
 

 
(8
)
 

Net income (loss)
$
83

 
$
(404
)
 
$
(134
)
 
$
(74
)
 
$
(173
)
 
$
(37
)
 
$
(216
)
 
$
(5
)