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CONSOLIDATED STATEMENT OF INCOME (LOSS) (UNAUDITED) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Finance and other interest income $ 557 $ 833 $ 1,921 $ 2,598
Interest expense on debt held by:        
Interest expense 328 416 1,060 1,382
Net interest income 229 417 861 1,216
Provision for credit losses (160) 287 [1] 131 1,816 [1]
Net interest income (loss) after provision for credit losses 389 130 730 (600)
Other revenues:        
Derivative related income (expense) 1 (42) 87 (261)
Gain (loss) on debt designated at fair value and related derivatives 33 (95) 168 (399)
Servicing and other fees from HSBC affiliates 6 8 19 26
Lower of amortized cost or fair value adjustment on receivables held for sale 66 (50) 892 (1,597)
Other income (loss) 8 35 (70) 27
Total other revenues 114 (144) 1,096 (2,204)
Operating expenses:        
Salaries and employee benefits 51 55 166 134
Occupancy and equipment expenses, net 8 11 26 32
Real estate owned expenses 16 22 58 71
Other servicing and administrative expenses 63 104 216 264
Support services from HSBC affiliates 78 84 213 229
Total operating expenses 216 276 679 730
Income (loss) from continuing operations before income tax 287 (290) 1,147 (3,534)
Income tax (expense) benefit (91) 98 (376) 1,325
Income (loss) from continuing operations 196 (192) 771 (2,209)
Discontinued operations (Note 2):        
Income (loss) from discontinued operations before income tax (33) (36) (228) 2,685
Income tax benefit (expense) 4 91 70 (1,026)
Income (loss) from discontinued operations (29) 55 (158) 1,659
Net income (loss) 167 (137) 613 (550)
Debt issued to HSBC affiliates [Member]
       
Interest expense on debt held by:        
Interest expense 48 40 149 120
Debt issued to non-affiliates [Member]
       
Interest expense on debt held by:        
Interest expense $ 280 $ 376 $ 911 $ 1,262
[1] The nine months ended September 30, 2012 includes $112 million related to the lower of amortized cost or fair value attributable to credit for personal non-credit card receivables transferred to held for sale at June 30, 2012. See Note 6, "Receivables Held for Sale," for additional information.