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CONSOLIDATED STATEMENT OF INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Loans $ 2,856 $ 2,589 $ 2,241
Securities 1,188 1,131 952
Trading securities 291 213 209
Short-term investments 573 645 669
Other 82 77 52
Total interest income 4,990 4,655 4,123
Interest expense:      
Deposits 1,475 1,072 703
Short-term borrowings 231 172 124
Long-term debt 1,137 1,123 998
Other 35 36 25
Total interest expense 2,878 2,403 1,850
Net interest income 2,112 2,252 2,273
Provision for credit losses 195 (73) (165)
Net interest income after provision for credit losses 1,917 2,325 2,438
Other revenues:      
Other revenues 1,184 1,236 1,233
Trading revenue 591 625 354
Other securities gains, net 88 24 52
Gain (loss) on instruments designated at fair value and related derivatives (13) 19 43
Other income 16 6 334
Total other revenues [1] 1,854 1,899 2,002
Operating expenses:      
Salaries and employee benefits 822 830 1,077
Support services from HSBC affiliates 1,638 1,603 1,549
Occupancy expense, net 197 185 202
Goodwill impairment 365 0 0
Other expenses 479 1,020 563
Total operating expenses 3,501 3,638 3,391
Income before income tax 270 586 1,049
Income tax expense 157 266 1,228
Net income (loss) 113 320 (179)
Credit card fees, net [Member]      
Other revenues:      
Other revenues 67 50 46
Trust and investment management fees [Member]      
Other revenues:      
Other revenues 132 135 156
Other fees and commissions [Member]      
Other revenues:      
Other revenues 619 684 669
Servicing and other fees from HSBC affiliates [Member]      
Other revenues:      
Other revenues $ 354 $ 356 $ 348
[1] See Note 24, "Business Segments," for a reconciliation of total other revenues on a U.S. GAAP basis to other operating income for each business segment under the Group Reporting Basis.