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CONSOLIDATED STATEMENT OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans $ 638 $ 716
Securities 243 304
Trading securities 80 63
Short-term investments 87 176
Other 19 18
Total interest income 1,067 1,277
Interest expense:    
Deposits 321 333
Short-term borrowings 40 62
Long-term debt 198 312
Other 4 8
Total interest expense 563 715
Net interest income 504 562
Provision for credit losses 726  
Provision for credit losses 512 58
Net interest income (expense) after provision for credit losses (222) 504
Other revenues:    
Other revenues 283 272
Trading revenue 14 133
Other securities gains, net 28 7
Loss on instruments designated at fair value and related derivatives (22) (9)
Other income (loss) 86 (11)
Total other revenues [1] 387 390
Operating expenses:    
Salaries and employee benefits 207 210
Support services from HSBC affiliates 382 380
Occupancy expense, net 140 45
Goodwill impairment 784 0
Other expenses 92 115
Total operating expenses 1,605 750
Income (loss) before income tax (1,440) 144
Income tax expense (benefit) (157) 35
Net income (loss) (1,283) 109
Credit card fees, net [Member]    
Other revenues:    
Other revenues 11 12
Trust and investment management fees [Member]    
Other revenues:    
Other revenues 31 30
Other fees and commissions [Member]    
Other revenues:    
Other revenues 151 147
Servicing and other fees from HSBC affiliates [Member]    
Other revenues:    
Other revenues $ 88 $ 81
[1] See Note 15, "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.