v3.25.1
Allowance for Credit Losses - Summary of Changes in Allowance for Credit Losses and Related Loan Balance by Product (Detail) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Allowance for Loan and Lease Losses [Roll Forward]    
Allowance for credit losses - beginning of period $ 537 [1] $ 591
Provision charged (credited) to income 112 (10)
Charge-offs (17) (3)
Recoveries 2 3
Net (charge-offs) recoveries (15) 0
Allowance for credit losses - end of period 634 [1] 581
Commercial loans    
Allowance for Loan and Lease Losses [Roll Forward]    
Charge-offs (15) (1)
Commercial loans | Real estate, including construction    
Allowance for Loan and Lease Losses [Roll Forward]    
Allowance for credit losses - beginning of period 144 144
Provision charged (credited) to income 66 (10)
Charge-offs 0 0
Recoveries 0 0
Net (charge-offs) recoveries 0 0
Allowance for credit losses - end of period 210 134
Commercial loans | Business and corporate banking    
Allowance for Loan and Lease Losses [Roll Forward]    
Allowance for credit losses - beginning of period 381 429
Provision charged (credited) to income 46 (1)
Charge-offs (15) (1)
Recoveries 0 1
Net (charge-offs) recoveries (15) 0
Allowance for credit losses - end of period 412 428
Commercial loans | Other commercial    
Allowance for Loan and Lease Losses [Roll Forward]    
Allowance for credit losses - beginning of period 1 1
Provision charged (credited) to income 0 0
Charge-offs 0 0
Recoveries 0 0
Net (charge-offs) recoveries 0 0
Allowance for credit losses - end of period 1 1
Consumer loans    
Allowance for Loan and Lease Losses [Roll Forward]    
Charge-offs (2) (2)
Consumer loans | Residential Mortgages    
Allowance for Loan and Lease Losses [Roll Forward]    
Allowance for credit losses - beginning of period (12) (9)
Provision charged (credited) to income 0 1
Charge-offs 0 0
Recoveries 1 1
Net (charge-offs) recoveries 1 1
Allowance for credit losses - end of period (11) (7)
Consumer loans | Home equity mortgages    
Allowance for Loan and Lease Losses [Roll Forward]    
Allowance for credit losses - beginning of period 6 7
Provision charged (credited) to income (1) 1
Charge-offs 0 0
Recoveries 0 0
Net (charge-offs) recoveries 0 0
Allowance for credit losses - end of period 5 8
Consumer loans | Credit cards    
Allowance for Loan and Lease Losses [Roll Forward]    
Allowance for credit losses - beginning of period 13 16
Provision charged (credited) to income 1 0
Charge-offs (2) (2)
Recoveries 1 1
Net (charge-offs) recoveries (1) (1)
Allowance for credit losses - end of period 13 15
Consumer loans | Other consumer    
Allowance for Loan and Lease Losses [Roll Forward]    
Allowance for credit losses - beginning of period 4 3
Provision charged (credited) to income 0 (1)
Charge-offs 0 0
Recoveries 0 0
Net (charge-offs) recoveries 0 0
Allowance for credit losses - end of period $ 4 $ 2
[1] The following table summarizes assets and liabilities related to our consolidated variable interest entities ("VIEs") at March 31, 2025 and December 31, 2024. Assets and liabilities exclude intercompany balances that eliminate in consolidation. See Note 15, "Variable Interest Entities," for additional information.
March 31, 2025December 31, 2024
(in millions)
Assets
Other assets$9 $11 
Total assets$9 $11 
Liabilities
Interest, taxes and other liabilities$16 $
Total liabilities$16 $