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Selected Quarterly Financial Data
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 
The following table presents a quarterly summary of selected financial information.
 
2013
 
2012
  
Fourth
 
Third
 
Second
 
First
 
Fourth
 
Third
 
Second
 
First
 
(in millions)
Net interest income
$
526

 
$
492

 
$
518

 
$
505

 
$
526

 
$
510

 
$
535

 
$
587

Provision for credit losses
51

 
54

 
67

 
21

 
120

 
84

 
89

 

Net interest income after provision for credit losses
475

 
438

 
451

 
484

 
406

 
426

 
446

 
587

Other revenues
267

 
432

 
566

 
592

 
303

 
408

 
879

 
383

Operating expenses
1,540

 
855

 
788

 
789

 
681

 
1,628

 
1,567

 
872

Income from continuing operations before income tax expense (benefit)
(798
)
 
15

 
229

 
287

 
28

 
(794
)
 
(242
)
 
98

Income tax expense (benefit)
(93
)
 
11

 
49

 
104

 
(19
)
 
(12
)
 
351

 
18

Income (loss) from continuing operations
(705
)
 
4

 
180

 
183

 
47

 
(782
)
 
(593
)
 
80

Income from discontinued operations, net of tax

 

 

 

 

 

 
48

 
155

Net income (loss)
$
(705
)
 
$
4

 
$
180

 
$
183

 
$
47

 
$
(782
)
 
$
(545
)
 
$
235