HSBC 2004 Annual Report Download - page 95

93
North America
Profit/(loss) before tax excluding goodwill amortisation
Year ended 31 December
2004 2003 2002
US$m US$m US$m
Personal Financial Services ......................................................................... 1,164 870 605
USA ............................................................................................................... 523 446 519
Canada ........................................................................................................... 54 66 59
Mexico ........................................................................................................... 552 345 23
Other .............................................................................................................. 35 13 4
Consumer Finance2 ...................................................................................... 3,576 2,068 –
USA ............................................................................................................... 3,479 2,002 –
Canada ........................................................................................................... 97 66 –
Total Personal Financial Services ............................................................... 4,740 2,938 605
USA ............................................................................................................... 4,002 2,448 519
Canada ........................................................................................................... 151 132 59
Mexico ........................................................................................................... 552 345 23
Other .............................................................................................................. 35 13 4
Commercial Banking ................................................................................... 845 595 435
USA ............................................................................................................... 414 292 281
Canada ........................................................................................................... 238 162 162
Mexico ........................................................................................................... 140 121 9
Other .............................................................................................................. 53 20 (17)
Corporate, Investment Banking and Markets ........................................... 750 837 494
USA ............................................................................................................... 512 651 447
Canada ........................................................................................................... 135 121 47
Mexico ........................................................................................................... 85 66 3
Other .............................................................................................................. 18 (1) (3)
Private Banking ............................................................................................ 66 63 57
USA ............................................................................................................... 63 63 53
Other .............................................................................................................. 3–4
Other ............................................................................................................. (221) (176) (207)
USA ............................................................................................................... (229) (193) (209)
Canada ........................................................................................................... ––(1)
Other .............................................................................................................. 817 3
Total1 ............................................................................................................. 6,180 4,257 1,384
USA ............................................................................................................... 4,762 3,261 1,091
Canada ........................................................................................................... 524 415 267
Mexico ........................................................................................................... 777 532 35
Other .............................................................................................................. 117 49 (9)
1 Goodwill amortisation excluded:
– arising on subsidiaries ............................................................................ 761 643 146
– arising on associates and joint ventures ................................................. –1–
– total ......................................................................................................... 761 644 146
2Comprises HSBC Finance Corporation’s consumer finance business and the US residential mortgages and credit card receivables
acquired by HSBC Bank USA from HSBC Finance Corporation and its correspondents since December 2003.