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CONSOLIDATED STATEMENT OF INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Loans $ 1,705 $ 2,202 $ 2,856
Securities 641 897 1,188
Trading securities 225 288 291
Short-term investments 81 143 573
Other 23 42 82
Total interest income 2,675 3,572 4,990
Interest expense:      
Deposits 267 755 1,475
Short-term borrowings 18 69 231
Long-term debt 296 558 1,137
Other 11 16 35
Total interest expense 592 1,398 2,878
Net interest income 2,083 2,174 2,112
Provision for credit losses (570) 810 195
Net interest income after provision for credit losses 2,653 1,364 1,917
Other revenues:      
Trading revenue (expense) 24 273 591
Other securities gains, net 73 137 88
Gain (loss) on instruments designated at fair value and related derivatives 35 34 (13)
Other income (loss) (13) 7 16
Total other revenues 1,237 1,535 1,854
Operating expenses:      
Salaries and employee benefits 665 767 822
Support services from HSBC affiliates 1,620 1,551 1,638
Occupancy expense, net 248 281 197
Goodwill impairment 0 784 365
Other expenses 445 498 479
Total operating expenses 2,978 3,881 3,501
Income (loss) before income tax 912 (982) 270
Income tax expense (benefit) 224 (42) 157
Net income (loss) 688 (940) 113
Credit card fees, net      
Other revenues:      
Other revenues 37 38 67
Trust and investment management fees      
Other revenues:      
Other revenues 108 132 132
Other fees and commissions      
Other revenues:      
Other revenues 652 567 619
Servicing and other fees from HSBC affiliates      
Other revenues:      
Other revenues $ 321 $ 347 $ 354