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CONSOLIDATED STATEMENT OF INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Loans $ 2,202 $ 2,856 $ 2,589
Securities 897 1,188 1,131
Trading securities 288 291 213
Short-term investments 143 573 645
Other 42 82 77
Total interest income 3,572 4,990 4,655
Interest expense:      
Deposits 755 1,475 1,072
Short-term borrowings 69 231 172
Long-term debt 558 1,137 1,123
Other 16 35 36
Total interest expense 1,398 2,878 2,403
Net interest income 2,174 2,112 2,252
Provision for credit losses 810 195 (73)
Provision for credit losses 736 195 (73)
Net interest income after provision for credit losses 1,364 1,917 2,325
Other revenues:      
Other revenues 1,091 1,184 1,236
Trading revenue 273 591 625
Other securities gains, net 137 88 24
Gain (loss) on instruments designated at fair value and related derivatives 34 (13) 19
Other income 7 16 6
Total other revenues [1] 1,535 1,854 1,899
Operating expenses:      
Salaries and employee benefits 767 822 830
Support services from HSBC affiliates 1,551 1,638 1,603
Occupancy expense, net 281 197 185
Goodwill impairment 784 365 0
Other expenses 498 479 1,020
Total operating expenses 3,881 3,501 3,638
Income (loss) before income tax (982) 270 586
Income tax expense (benefit) (42) 157 266
Net income (loss) (940) 113 320
Credit card fees, net [Member]      
Other revenues:      
Other revenues 38 67 50
Trust and investment management fees [Member]      
Other revenues:      
Other revenues 132 132 135
Other fees and commissions [Member]      
Other revenues:      
Other revenues 567 619 684
Servicing and other fees from HSBC affiliates [Member]      
Other revenues:      
Other revenues $ 347 $ 354 $ 356
[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.