The following tables and discussions below present the more significant related party balances and the income (expense) generated by related party transactions: | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | (in millions) | | Assets: | | | | | Cash and due from banks | $ | 329 | | | $ | 304 | | | Interest bearing deposits with banks | 8 | | | 11 | | Securities purchased under agreements to resell(1) | 1,411 | | | — | | | Trading assets | 10 | | | 225 | | | Loans | 6,411 | | | 6,035 | | Other(2) | 639 | | | 469 | | | Total assets | $ | 8,808 | | | $ | 7,044 | | | Liabilities: | | | | | Deposits | $ | 9,739 | | | $ | 11,491 | | | Trading liabilities | 254 | | | 95 | | | Short-term borrowings | 2,554 | | | 1,960 | | | Long-term debt | 12,138 | | | 10,137 | | Other(2) | 314 | | | 295 | | | Total liabilities | $ | 24,999 | | | $ | 23,978 | |
(1)Reflects purchases of securities which other HSBC affiliates have agreed to repurchase. (2)Other assets and other liabilities primarily consist of derivative balances associated with hedging activities and other miscellaneous account receivables and payables. Other assets also includes receivables from HSBC Bank plc associated with certain client share repurchase transactions. | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (in millions) | | Income (Expense): | | | | | | | | | | | Interest income | $ | 85 | | | $ | 76 | | | $ | 165 | | | $ | 147 | | | | | Interest expense | (186) | | | (194) | | | (367) | | | (356) | | | | | Net interest expense | (101) | | | (118) | | | (202) | | | (209) | | | | | Trading revenue (expense) | (1,795) | | | (2,049) | | | (467) | | | (2,533) | | | | | Servicing and other fees from HSBC affiliates: | | | | | | | | | | | HSBC Bank plc | 67 | | | 57 | | | 125 | | | 124 | | | | | HSBC Markets (USA) Inc. ("HMUS") | 26 | | | 24 | | | 48 | | | 42 | | | | | Other HSBC affiliates | 26 | | | 17 | | | 48 | | | 34 | | | | | Total servicing and other fees from HSBC affiliates | 119 | | | 98 | | | 221 | | | 200 | | | | | Gain (loss) on instruments designated at fair value and related derivatives | 600 | | | 451 | | | 396 | | | 264 | | | | | Support services from HSBC affiliates: | | | | | | | | | | | HSBC Technology & Services (USA) Inc. ("HTSU") | (259) | | | (250) | | | (512) | | | (476) | | | | | HMUS | (55) | | | (64) | | | (109) | | | (119) | | | | | Other HSBC affiliates | (169) | | | (142) | | | (322) | | | (265) | | | | | Total support services from HSBC affiliates | (483) | | | (456) | | | (943) | | | (860) | | | | Rental income from HSBC affiliates(1) | 13 | | | 11 | | | 26 | | | 23 | | | | | | | | | | | | | |
(1)We receive rental income from our affiliates for certain office space, which is recorded as a component of occupancy expense, net in our consolidated statement of income.
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