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CONSOLIDATED STATEMENT OF INCOME (LOSS) (UNAUDITED) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Finance and other interest income $ 833 $ 1,017 $ 2,598 $ 3,237
Interest expense on debt held by:        
Interest expense 416 565 1,382 1,830
Net interest income 417 452 1,216 1,407
Provision for credit losses 287 2,182 1,816 3,473
Net interest income (loss) after provision for credit losses 130 (1,730) (600) (2,066)
Other revenues:        
Derivative related income (expense) (42) (913) (261) (1,036)
Gain (loss) on debt designated at fair value and related derivatives (95) 792 (399) 1,008
Servicing and other fees from HSBC affiliates 8 4 26 17
Lower of amortized cost or fair value adjustment on receivables held for sale (50)   (1,597) 1
Other income 35 27 27 77
Total other revenues (144) (90) (2,204) 67
Operating expenses:        
Salaries and employee benefits 55 35 134 125
Occupancy and equipment expenses, net 11 13 32 42
Real estate owned expenses 22 39 71 174
Other servicing and administrative expenses 104 49 264 342
Support services from HSBC affiliates 84 68 229 207
Total operating expenses 276 204 730 890
Loss from continuing operations before income tax (290) (2,024) (3,534) (2,889)
Income tax benefit 98 689 1,325 1,161
Loss from continuing operations (192) (1,335) (2,209) (1,728)
Discontinued Operations (Note 2):        
Income (loss) from discontinued operations before income tax (36) 378 2,685 885
Income tax benefit (expense) 91 (104) (1,026) (287)
Income from discontinued operations 55 274 1,659 598
Net loss (137) (1,061) (550) (1,130)
Debt issued to HSBC affiliates [Member]
       
Interest expense on debt held by:        
Interest expense 40 44 120 119
Debt issued to non-affiliates [Member]
       
Interest expense on debt held by:        
Interest expense $ 376 $ 521 $ 1,262 $ 1,711