Business Segments (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Summary on Reconciliation of Results under Group Reporting Basis to US GAAP

The following table summarizes the results for each segment on a Group Reporting Basis, as well as provides a reconciliation of total results under the Group Reporting Basis to U.S. GAAP consolidated totals:


			Group Reporting Basis Consolidated Amounts

			IWPB						CIB						CC												Total						Group Reporting Basis Adjust- ments(1)						Group Reporting Basis Reclassi- fications(2)						U.S. GAAP Consolidated Totals
			(in millions)
Three Months Ended June 30, 2026
Net interest income (expense)			$	172					$	481					$	(124)											$	529					$	6					$	14					$	549
Other operating income			62						433						120												615						(2)						(1)						612
Total operating income (expense)			234						914						(4)												1,144						4						13						1,161
Expected credit losses / provision for credit losses			1						(9)						—												(8)						(30)						—						(38)
			233						923						(4)												1,152						34						13						1,199
Operating expenses:
Direct Costs			90						86						28												204						N/A						N/A						N/A
Indirect Costs			92						336						48												476						N/A						N/A						N/A
Total operating expenses			182						422						76												680						10						13						703
Profit (loss) before income tax			$	51					$	501					$	(80)											$	472					$	24					$	—					$	496

Three Months Ended June 30, 2025
Net interest income (expense)			$	188					$	460					$	(85)											$	563					$	6					$	(46)					$	523
Other operating income			64						313						85												462						—						56						518
Total operating income			252						773						—												1,025						6						10						1,041
Expected credit losses / provision for credit losses			1						63						—												64						(22)						—						42
			251						710						—												961						28						10						999
Operating expenses:
Direct Costs			106						115						13												234						N/A						N/A						N/A
Indirect Costs			97						327						29												453						N/A						N/A						N/A
Total operating expenses			203						442						42												687						(1)						10						696
Profit (loss) before income tax			$	48					$	268					$	(42)											$	274					$	29					$	—					$	303


			Group Reporting Basis Consolidated Amounts

			IWPB						CIB						CC												Total						Group Reporting Basis Adjust- ments(1)						Group Reporting Basis Reclassi- fications(2)						U.S. GAAP Consolidated Totals
			(in millions)
Six Months Ended June 30, 2026
Net interest income (expense)			$	362					$	966					$	(258)											$	1,070					$	11					$	20					$	1,101
Other operating income			128						780						251												1,159						(9)						6						1,156
Total operating income (expense)			490						1,746						(7)												2,229						2						26						2,257
Expected credit losses / provision for credit losses			3						25						—												28						(18)						—						10
			487						1,721						(7)												2,201						20						26						2,247
Operating expenses:
Direct Costs			174						174						54												402						N/A						N/A						N/A
Indirect Costs			194						670						65												929						N/A						N/A						N/A
Total operating expenses			368						844						119												1,331						15						26						1,372
Profit (loss) before income tax			$	119					$	877					$	(126)											$	870					$	5					$	—					$	875
Balances at end of period:
Total assets			$	33,991					$	159,053					$	3,581											$	196,625					$	(15,917)					$	—					$	180,708
Total loans, net			24,918						35,715						—												60,633						59						988						61,680
Goodwill			—						358						—												358						100						—						458
Total deposits			25,424						97,034						—												122,458						(2,693)						7,048						126,813

Six Months Ended June 30, 2025
Net interest income (expense)			$	374					$	933					$	(185)											$	1,122					$	12					$	(85)					$	1,049
Other operating income			115						636						181												932						(3)						105						1,034
Total operating income (expense)			489						1,569						(4)												2,054						9						20						2,083
Expected credit losses / provision for credit losses			3						147						—												150						10						—						160
			486						1,422						(4)												1,904						(1)						20						1,923
Operating expenses:
Direct Costs			192						225						55												472						N/A						N/A						N/A
Indirect Costs			196						640						19												855						N/A						N/A						N/A
Total operating expenses			388						865						74												1,327						9						20						1,356
Profit (loss) before income tax			$	98					$	557					$	(78)											$	577					$	(10)					$	—					$	567
Balances at end of period:
Total assets			$	38,525					$	151,215					$	4,243											$	193,983					$	(17,616)					$	—					$	176,367
Total loans, net			27,369						34,566						—												61,935						(1,684)						3,334						63,585
Goodwill			—						358						—												358						100						—						458
Total deposits			27,247						91,520						—												118,767						(1,598)						9,012						126,181

N/A Not Applicable

(1)Represents adjustments associated with differences between U.S. GAAP and the Group Reporting Basis.

(2)Represents differences in financial statement presentation between U.S. GAAP and the Group Reporting Basis.