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ASX rises; Westpac exposed to $200m âpotential fraudâ Save Share Westpac commences Federal Court proceedings against Forum Finance Vesna Poljak Westpac has commenced proceedings in the Federal Court against Forum Finance where Westpac claims it discovered a significant potential fraud with a potential $200 million exposure by the bank. Westpac chief executive Peter King. Â Jessica Hromas Westpac s institutional bank customers were referred to Forum Finance for equipment leasing. No customers suffered loss. Investigations are ongoing and the NSW Police, ASIC and APRA have been notified. An external review and investigation are underway at Westpac to determine the origins of what happened. The nature of the alleged wrongdoing was described by Westpac as sophisticated and perpetrated externally, according to the text of its ASX disclosure. ....
March 17, 2021 From being ignored by male colleagues to fighting feelings of guilt around working long hours, women in e-commerce (and many other industries) often have to navigate the struggles that come with starting a business while simultaneously fighting gender bias. The National Retail Association, along with online marketing agency dotdigital, held a panel for International Women’s Day to provide advice and expertise for women in e-commerce. The panel discussion brought together Julie Mathers, founder and chief executive officer of ethical e-commerce retailer Flora and Fauna; Sandradee Makejev, founder and chief executive office of online clothing boutique St. Frock; and Aparna Gray, APAC marketing head for dotdigital. ....