HSBC Fin Corp Acquisition

HSBC Holdings PLC
06 June 2005

                       HSBC Financial Corporation Limited
                              Acquires Invis Inc.

Under an agreement entered into on June 1, 2005 HSBC Financial Corporation
Limited ('HSBC Financial') has acquired all the ordinary share capital of Invis 
Inc., one of Canada's leading residential mortgage brokerage companies, and has
the right, subject to regulatory approval, to acquire the outstanding voting
preference shares at par.

Invis negotiated more than C$4.5 billion of mortgages on behalf of homeowners
and homebuyers in 2004. More than 550 individual mortgage brokers work with
Invis in locations from Vancouver Island to Newfoundland. It has a net asset
value of C$35,000.

Andrew Moor, President and CEO of Invis Inc. said: "Our customers come from all
walks of life and understand that dealing with a mortgage broker who can match
their needs in terms of credit availability, interest rate and terms with the
best mortgages from a wide range of lenders is the best way to get a mortgage. I
am looking forward to bringing the resources of HSBC Financial Corporation
Limited together with our own expertise to enhance this customer experience.
Invis has had a remarkable track record since its inception. This is the result
of the efforts of our outstanding brokers and staff."

Pat Burke, President and Chief Executive Officer, HSBC Financial Corporation
Limited said: "We are impressed with the dramatic growth that Invis Inc. has
experienced since being founded in 2000. Invis mortgage brokers have a
reputation for providing great customer service and our goal will be to nurture
the entrepreneurial energy of Invis and provide additional support where we can
to enhance the value to the customer."

Notes to editors:

About Invis Inc.
Invis was incorporated in July 2000, but the company is far from being a new
player in the mortgage industry. The founding, and new, members of Invis have
extensive experience in the industry. Many of the individuals now involved as
part of the Invis team have backgrounds in the financial services and mortgage
industries, giving the team significant knowledge and experience. Invis is now
the largest independent mortgage broker in Canada and has negotiated over C$15
billion of residential mortgages since inception. More than 550 individual
mortgage brokers work with Invis in locations across Canada.

About HSBC Financial Corporation Limited
HSBC Financial Corporation Limited offers a diversified range of consumer
financial services to the Canadian public through a network of over 100 retail
branches and other distribution channels. These services include consumer loans,
mortgages and private label credit cards. They are offered by the Corporation
through four principal operating subsidiaries: HSBC Finance Corporation Canada,
HSBC Retail Services Limited, Household Realty Corporation Limited, and
Household Trust Company. For more information about HSBC Financial Corporation
Limited, visit hsbcfinance.ca.

HSBC Financial Corporation Limited is a subsidiary of HSBC Finance Corporation,
a foreign bank that is not regulated in Canada as a financial institution, a
bank holding company or an insurance holding company. However, HSBC Bank Canada
and HSBC Bank USA, N.A. are regulated in Canada as a bank and an authorized
foreign bank, respectively.

HSBC Financial Corporation Limited, HSBC Bank Canada and HSBC Bank USA, N.A. are
members of the HSBC Group. With over 9,800 offices in 77 countries and
territories and assets of US$1,277 billion at 31 December 2004, the HSBC Group
is one of the world's largest banking and financial services organizations.



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