Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2012

Information Regarding Amounts Included In Discontinued Operations

			2012		2011		2010

			(dollars in millions)
Net revenues(1):
	Retail Asset Management(2)	$	12	$	11	$	1,221
	Saxon(3)		79		28		197
	Quilter(4)		148		134		117
	Other(5)		80		61		141
		$	319	$	234	$	1,676

Pre-tax gain (loss) on discontinued operations(1):
	Revel(6)	$	—	$	(10)	$	(1,208)
	Retail Asset Management(2)		12		14		994
	DFS(7)		—		—		775
	Saxon(3)		(187)		(194)		(34)
	Quilter(4)		97		21		27
	Other(5)		35		9		56
		$	(43)	$	(160)	$	610

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(1) Amounts included eliminations of intersegment activity.

(2) Included a pre-tax gain of approximately $853 million in 2010 in connection with the sale of Retail Asset Management.

(3) Revenues included a pre-tax gain of approximately $51 million in 2012, primarily resulting from the subsequent increase in fair value of Saxon, which had incurred impairment losses of $98 million in the quarter ended December 31, 2011. Pre-tax gain (loss) in 2012 included a provision of approximately $115 million related to a settlement with the Federal Reserve concerning the independent foreclosure review related to Saxon.

(4) Included a pre-tax gain of approximately $108 million in 2012 in connection with the sale of Quilter.

(5) Included in Other are related to the sale of CMB and the sale of a principal investment.

(6) Included a loss of approximately $1.2 billion in 2010 in connection with the disposition of Revel.

(7) Relates to the legal settlement with DFS in 2010.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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