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Consolidated Statement of Income (Loss) (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Finance and other interest income $ 906 $ 1,092
Interest expense on debt held by:    
Interest expense 499 647
Net interest income 407 445
Provision for credit losses 791 708
Net interest income (loss) after provision for credit losses (384) (263)
Other revenues:    
Insurance revenue 58 60
Investment income 20 25
Derivative related income (expense) 205 34
Gain (loss) on debt designated at fair value and related derivatives (396) (29)
Servicing and other fees from HSBC affiliates 8 7
Other income (expense) (4) 14
Total other revenues (109) 111
Operating expenses:    
Salaries and employee benefits 51 48
Occupancy and equipment expenses, net 11 16
Real estate owned expenses 29 106
Other servicing and administrative expenses 90 84
Support services from HSBC affiliates 73 76
Policyholders' benefits 37 41
Total operating expenses 291 371
Loss from continuing operations before income tax (784) (523)
Income tax benefit 277 303
Loss from continuing operations (507) (220)
Discontinued Operations (Note 2):    
Income from discontinued operations before income tax 548 308
Income tax expense (196) (109)
Income from discontinued operations 352 199
Net loss (155) (21)
Debt issued to HSBC affiliates
   
Interest expense on debt held by:    
Interest expense 40 38
Debt issued to non-affiliates
   
Interest expense on debt held by:    
Interest expense $ 459 $ 609