Complete Finance Blog

A judge has decided that an HSBC manager unlawfully held an overdrawn customer in a private office of one of their branches…

Most people have had that feeling of being trapped in an overdraft – especially in the current financial climate. But one lady’s visit to her local branch of HSBC three years ago took this feeling to a whole new level…

In October 2008, 59 year old widow Josephine Lewis popped into her local HSBC in Wootton Bassett to complain about the spiralling overdraft fees the bank had been charging to her account.

After becoming upset in one of the private interview rooms of the branch – which had been locked for privacy – she told the HSBC employee she was with that she wanted to leave. But, according to the BBC, when she did this branch manager Chris Hicks leapt up and blocked the door, preventing her from escaping.

After half and hour she was eventually let out of the room by bank cashier staff after they heard her asking to leave.

As a result of these actions, HSBC was forced to cancel the whole of Miss Lewis’ £2,070 overdraft after a judge decided that she had been unlawfully imprisoned.

Trading as per the support and resistance levels may be quite useful for intraday and Positional trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. A support is the level where a stock get buying interest before it can fall further. Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying / selling. In general it’s advisable to buy the stocks at support levels and sell at the resistance levels. I Read more…

Trading as per the support and resistance levels may be quite useful for intraday and Positional trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. A support is the level where a stock get buying interest before it can fall further. Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying / selling. In general it’s advisable to buy the stocks at support levels and sell at the resistance levels. I Read more…

Trading as per the support and resistance levels may be quite useful for intraday and Positional trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. A support is the level where a stock get buying interest before it can fall further. Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying / selling. In general it’s advisable to buy the stocks at support levels and sell at the resistance levels. I Read more…