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CONSOLIDATED STATEMENT OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Loans $ 580 $ 743 $ 1,218 $ 1,459
Securities 262 298 505 602
Trading securities 48 67 128 130
Short-term investments 23 173 110 349
Other 5 20 24 38
Total interest income 918 1,301 1,985 2,578
Interest expense:        
Deposits 200 380 521 713
Short-term borrowings 15 68 55 130
Long-term debt 162 306 360 618
Other 3 7 7 15
Total interest expense 380 761 943 1,476
Net interest income 538 540 1,042 1,102
Provision for credit losses 219   945  
Provision for credit losses 337 46 849 104
Net interest income after provision for credit losses 319 494 97 998
Other revenues:        
Other revenues 262 303 545 575
Trading revenue 192 123 206 256
Other securities gains, net 31 23 59 30
Gain (loss) on instruments designated at fair value and related derivatives 22 (17) 0 (26)
Other income (loss) (41) 8 45 (3)
Total other revenues [1] 464 436 851 826
Operating expenses:        
Salaries and employee benefits 190 221 397 431
Support services from HSBC affiliates 389 411 771 791
Occupancy expense, net 38 48 178 93
Goodwill impairment 0 0 784 0
Other expenses 110 94 202 209
Total operating expenses 727 774 2,332 1,524
Income (loss) before income tax 56 156 (1,384) 300
Income tax expense (benefit) 49 35 (108) 70
Net income (loss) 7 121 (1,276) 230
Credit card fees, net [Member]        
Other revenues:        
Other revenues 9 18 20 30
Trust and investment management fees [Member]        
Other revenues:        
Other revenues 33 31 64 61
Other fees and commissions [Member]        
Other revenues:        
Other revenues 137 162 288 309
Servicing and other fees from HSBC affiliates [Member]        
Other revenues:        
Other revenues $ 81 $ 88 $ 169 $ 169
[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.