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TSB Lifts Profit And Builds Momentum For Digital Investment
TSB Lifts Profit And Builds Momentum For Digital Investment

Scoop

time15 hours ago

  • Business
  • Scoop

TSB Lifts Profit And Builds Momentum For Digital Investment

TSB Bank has reported another year of strong financial performance and strategic progress. The Bank delivered a net profit before tax of $57.6 million for the year ending 31 March 2025, up $6.7 million on the previous year. In the 2025 financial year $15m in dividends have been declared to shareholder Toi Foundation Holdings Limited (the investment management entity of philanthropic organisation Toi Foundation), an increase on the $10m declared in the prior financial year. Performance was underpinned by a $7.8 million increase in net operating income and a 1.7% reduction in operating costs. Lending and deposit growth remained strong, with commercial lending up 29% and deposits increasing by 2%. TSB also maintained strong asset quality, with non-performing loans at just 0.5%, below the industry average of 0.7%. Chair Mark Darrow says the results reflect the Bank's focus on simplifying operations to pave the way for accelerated investment in digital capability. 'TSB is now in a strong position to evolve into a digital-first bank that delivers on the expectations of modern consumers and businesses, while staying true to our customer-first values and high-quality service,' Darrow says. 'We're laying the foundations for long-term growth by investing in the right technologies, talent and tools. Our goal is to build a bank that earns trust through great service today and innovation for tomorrow - and to do so in a way that reflects our deep community roots.' Chief Executive Officer Kerry Boielle says TSB's progress is a testament to the hard mahi of our people and our ongoing commitment to delivering more for our customers and communities. 'We've made great progress this year in strengthening our systems and products, so in the year ahead, people can expect TSB to step up and offer more for everyday New Zealanders and small to medium sized businesses. 'With our community background we know we can provide a fantastic level of care in this space, so that's where we're focused on improving our offering.' TSB was named Canstar's Bank of the Year for Credit Cards for the third consecutive year in 2025 - recognition of its focus on delivering customer value. The Bank also continued to invest in customer protection, enhancing fraud prevention systems including rolling out Confirmation of Payee. Looking ahead, Boielle says regulatory reform is needed to support improved competition and innovation across the sector. 'While regulation is essential to a safe banking system, some requirements are disproportionate and hinder innovation. 'We're calling on policymakers to introduce true proportionality in banking legislation so that New Zealand-owned banks like TSB can invest more rapidly in the products and services our customers need.' With TSB celebrating its 175th anniversary in 2025, Darrow says the Bank is focused on future growth. 'We're incredibly proud of our legacy and excited about what lies ahead. Our ambition is to become New Zealand's digital bank of choice – one that continues to put people first for generations to come.'

Inc. Honors Darrow as a 2025 Best Workplace for Building a Culture of Trust, Teamwork, and Impact
Inc. Honors Darrow as a 2025 Best Workplace for Building a Culture of Trust, Teamwork, and Impact

Yahoo

time17-06-2025

  • Business
  • Yahoo

Inc. Honors Darrow as a 2025 Best Workplace for Building a Culture of Trust, Teamwork, and Impact

Legal Intelligence and AI Tech Leader Recognized for Exceptional Culture and Employee Engagement NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) -- Darrow™, the legal intelligence company built to surface hidden legal risks and turn them into action, today announced that it has been named to Inc.'s 2025 Best Workplaces list. This honor recognizes U.S. companies that have built exceptional workplaces and vibrant cultures that support their teams and clients. Inc.'s 2025 Best Workplaces list represents the culmination of a rigorous evaluation process conducted by Quantum Workplace. Nominees are evaluated on criteria including: 1) Management Effectiveness; 2) Professional Development Opportunities; 3) Comprehensive Benefits Packages, and 4) Overall Company Culture. The assessment evaluates both remote and in-person work spaces along with detailed employee surveys covering every aspect of the workplace experience, and supported by thorough audits of company benefits and policies. This intensive approach ensures that recognized companies demonstrate genuine commitment to employee welfare rather than surface-level perks. Darrow achieved 100% participation in Inc.'s survey — exemplifying an internal culture that is highly engaged and collaborative. 'For Darrow, this is recognition of our commitment and focus on cultivating our core values, and allows us to attract and retain the very best talent,' said Mathew Keshav Lewis, Chief Revenue Officer and GM of Darrow's US office. He added, 'Our employees share a common mission to build intelligence to discover, assess and address every legal violation, and ultimately bring justice to more people.' Darrow defines its culture by five core values — #1 People FirstWe own our culture and put human well-being at the center, treating every person as a world unto themselves. We act with humility, care and respect. #2 Intentional CommunicationWe communicate with honesty and clarity, listen deeply, embrace feedback, and prioritize solutions to serve our greater shared mission. #3 Partner CentricityWe pursue justice collaboratively, prioritizing partners, delivering beyond expectations and safeguarding trust through honesty and data. #4 IntegrityOur actions align with our values. We support our words with truth and data, honor commitments, and embrace diverse perspectives bravely. #5 Radical ForesightWe are pioneers. We use scarcity to spark creativity, uncover hidden value, and learn from every person and experience. 'Inc.'s Best Workplaces program celebrates the exceptional organizations whose workplace cultures address their employees' welfare and needs in meaningful ways,' says Bonny Ghosh, editorial director at Inc. 'As companies expand and adapt to changing economic forces, maintaining such a culture is no small feat. Yet these honorees have not only achieved it—they continue to elevate the employee experience through thoughtful benefits, engagement, and a deep commitment to their teams.' To view the full list of winners, visit About Darrow™Darrow™ is the legal intelligence company that detects emerging legal risk and transforms public data into actionable opportunities. Using AI to surface hidden violations in areas like consumer protection, environmental law, and data privacy, Darrow equips legal teams to identify and act on high-value litigation faster and with greater precision. Learn more at Media Contact: Linda Rigano-Steinberglinda@ | 914.815.0396Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

New At-Home Tinnitus Test Offers First Step Toward Relief for Millions of Americans
New At-Home Tinnitus Test Offers First Step Toward Relief for Millions of Americans

Yahoo

time15-05-2025

  • Health
  • Yahoo

New At-Home Tinnitus Test Offers First Step Toward Relief for Millions of Americans

Empowers Users With Free, Research-Backed Tinnitus Impact Score ST. GEORGE, Utah, May 15, 2025 /PRNewswire/ -- With a growing national spotlight on tinnitus and it's impact on the brain—commonly described as ringing, buzzing, or hissing in the ears—millions of Americans are searching for answers. Now, a new, free online tool is giving them just that. Introducing revolutionary, research-validated platform that allows individuals to assess the severity of their tinnitus in minutes and take their first real step toward lasting relief. Created by Neuroscientist and Audiologist Dr. Keith Darrow, Ph.D., CCC-A, offers a quick, science-based assessment that generates a personalized Tinnitus Number, helping users understand whether their condition is mild, moderate, or severe—and what they can do next. "People with tinnitus often feel overwhelmed and don't know where to turn," said Dr. Darrow. "This tool empowers them with clarity, education, and connection to trusted professionals who can help. Relief starts with knowing your number." Why It Matters Fast, free, and easy: The online assessment takes less than five minutes Evidence-based: Backed by peer-reviewed research in neuroscience and audiology Personalized insights: Get immediate, measurable results that reflect your daily experience Actionable next steps: Instantly connect with certified tinnitus specialists near you Tinnitus impacts over 70 million Americans and 1 billion people worldwide. While it is often misunderstood or minimized, the emotional, cognitive, and physical toll it takes is real—and growing. Until now, there has never been a universally accessible way to track the severity of tinnitus or guide people toward meaningful support. Whether you've just started to notice the ringing or have lived with it for years, My Tinnitus Number provides a clear, hopeful path forward. "This is more than a quiz," added Dr. Darrow. "It's a movement to take back control from the noise—and it starts with one simple step." Your Journey to Relief Starts Now Visit to take the free assessment, learn your Tinnitus Number, and find a path to relief. Media Contact: 435-292-6421 press@ Press Kit Available Upon Request View original content to download multimedia: SOURCE MyTinnitusNumber Sign in to access your portfolio

Protest emerges at Ferndale facility after ICE reportedly detains Whatcom County activist
Protest emerges at Ferndale facility after ICE reportedly detains Whatcom County activist

Yahoo

time26-03-2025

  • Politics
  • Yahoo

Protest emerges at Ferndale facility after ICE reportedly detains Whatcom County activist

A crowd gathered outside an Immigration and Customs Enforcement (ICE) center in Ferndale around 10 a.m. Tuesday to protest the detainment of Alfredo (Lelo) Juarez Zeferino. More than 100 people had gathered outside on the road outside the facility in protest by 2 p.m. Zeferino was arrested by the U.S. Immigration and Customs Enforcement (ICE) on his way to work around 7:20 a.m. Tuesday, according to Liz Darrow, Participatory Democracy Program Coordinator for Community to Community Development (C2C). As of Tuesday afternoon, federal authorities had not publicly stated why Zeferino was detained. He was born in Mexico, and The Herald was unable to confirm his immigration status Tuesday. 'We suspect it was because of his political action that he was detained,' Darrow said during an interview with The Herald at the protest site. Zeferino has been politically active for many years, and he has been volunteering his time with C2C as an immigrant rights organizer. He also helped form the Independent Democratic farmworker union Familias Unidas por la Justica, and he served on the city of Bellingham's Immigration Advisory Committee until it was dissolved last October. He also represents C2C on the Farmer Stakeholder Group of the National Food Chain Workers Alliance, The National Dignity Campaign and has testified before state house and senate hearings on behalf of the Farmwork Tribunal, according to a news release from C2C. He is also a recipient of the Youth Peacemaker Award in 2024 from the Whatcom Peace and Justice Center. 'I know Lelo. We were just together in Olympia for an advocacy day,' said protester and C2C volunteer Sylvia Cohen. 'He is an amazing organizer and advocate who makes our community better, and I woke up this morning to a text that he had been detained.' Protesters knew Zeferino was still in custody at the ICE office in Ferndale at 5200 Industrial Place around 1 p.m. because he had used his lone phone call to confirm. However, it is unknown if ICE has transported him since, as most immigration detainees are taken to the Northwest ICE Processing Center in Tacoma. It would not be Zeferino's first time in the Tacoma Northwest Detention Center. He was detained there as a 15-year-old in 2015 after the Bellingham Police officers stopped him for driving the wrong way on a one-way street. Officers were unable to identify Zeferino at the time, as he did not have a license, and called the U.S. Customs and Border Protection. Zeferino issued a racial bias complaint against the Bellingham Police Department as a result, and the case was settled in 2021. 'We want him to be released, and we want to send a strong message that detaining people for political reasons is not OK,' Darrow said.

On centennial of the Scopes trial, Chicagoans honor Clarence Darrow at Jackson Park bridge named in his honor
On centennial of the Scopes trial, Chicagoans honor Clarence Darrow at Jackson Park bridge named in his honor

Yahoo

time14-03-2025

  • General
  • Yahoo

On centennial of the Scopes trial, Chicagoans honor Clarence Darrow at Jackson Park bridge named in his honor

Nina Helstein has been celebrating the memory of lawyer and Hyde Park resident Clarence Darrow with other Chicagoans nearly every March 13 at a bridge named after him in Jackson Park since she was a young girl. 'We come, rain or shine, whatever the day is,' Halstein said while holding a yellow daffodil in her hand. 'I have stood under umbrellas, and sometimes it's very cold.' But this year, Helstein — now 81 — got to enjoy the mid-March event in warm weather with blue skies, joining other attendees in reflecting on the words of the famed lawyer and activist, his dedication toward fighting for free speech and labor unions, and how his fight rings true today for many. The event to honor Darrow's memory has been held every March 13 at the bridge since 1957, almost 20 years after Darrow's death. Typically, a wreath is thrown into the Jackson Park Lagoon that's just behind the Museum of Science and Industry, but in more recent years attendees have thrown flowers into the lagoon, as they did Thursday. The Chicago-based lawyer led the charge in multiple high-profile cases. Darrow defended teenagers Nathan Leopold and Richard Loeb in their 1924 murder case, successfully ensuring that his clients would not receive the death penalty for killing Bobby Franks. Darrow was also a prominent defender of labor unions, representing union leader Eugene Debs during the 1894 Pullman strike, when the Pullman Co.'s workers were striking for higher wages. About a year after the Leopold and Loeb case, Darrow defended 24-year-old Tennessee high school teacher Thomas Scopes for teaching Charles Darwin's theory of evolution in the classroom. At the time, teaching evolution in classrooms was not allowed in Tennessee, and Darrow felt it was important to challenge that law. Thursday's flower-tossing event noted this year's 100th anniversary of the Scopes trial. 'He felt that if today we prohibit certain kinds of teaching, tomorrow we'll be prohibiting certain kinds of speech and certain kinds of thinking,' Anita Weinberg, whose parents helped organize the very first bridge event, said to the crowd. 'He saw the trial as a fight against an attempt to turn the country into bigoted, intolerant theocracy.' For attendees, whether it is attacks on First Amendment rights or to the conditions of modern-day prisons, Darrow's fight still rings true. 'I really love doing this every year, but I particularly feel sort of a kinship and a connection to this during this time and this period. As we know, what's happening in D.C. has been an extreme attack when it comes to our civil liberties and our rights,' state Sen. Robert Peters said to the crowd. 'You would think that after we defeated a bunch of authoritarianism in Europe, we wouldn't be here,' Peters said. 'And yet, looking at what's happened in D.C., it can be a depressing thing to look at.' In addition to commemorating the memory of Darrow, attendees also commemorated the bridge itself, which has been shuttered for years and was added to Preservation Chicago's 2025 list of most endangered Chicago structures. Jack Spicer, a board member of the Hyde Park Historical Society, said he and those working to help preserve the bridge have been waiting about six months for a report from the Chicago Department of Transportation on the current state of the bridge and what the agency wants to do to fix it. CDOT, which owns the bridge, said in a statement to the Tribune that it recognizes the bridge's historic importance and is working with state and federal partners on the preliminary engineering of the project. 'Preservation groups have been fighting for years to make sure that this bridge, a significant fixture here in Jackson Park, is renovated and restored,' said Ald. Desmon Yancy, 5th. Designed by famed Chicago architectural firm Burnham and Root, the bridge, originally known as the Columbia Drive Bridge, has spanned Jackson Park's lagoon since 1880, offering picturesque views and passage to the lakefront. It predates the nearby Griffin Museum of Science and Industry, whose building was part of the 1893 World's Columbian Exposition. In 1957, the structure was renamed for Darrow, a Hyde Park resident who frequented the bucolic bridge while contemplating cases. Jackson Park was listed on the National Register of Historic Places in 1972 and the bridge also falls within the boundary of the 1994 Chicago Landmark designation for the Museum of Science and Industry. But the stone bridge has fallen into disrepair, with the CDOT cordoning it off to pedestrian traffic. It has been closed to the public since 2015. Yancy said there are two commitments toward funding for the restoration project, one from the Obama Foundation and another that is supposed to come directly from the city. Money from the state is also supposed to go toward funding bridge repairs, Yancy said. 'We are hoping that we can preserve it in such a way that they use all the available historic material and will resemble the original bridge as it was at the time of the fair,' Spicer said. 'We have our fingers crossed, and we've been working as much as we can with CDOT to make this happen.' Before throwing flowers into the water, participants read excerpts of Darrow's opening statement in the Scopes trial. 'It is impossible, if you leave freedom in the world, to mold the opinions of one man upon the opinions of another, only tyranny can do it,' Scott Burgh, a retired law library director who had been coming to the event for years, read aloud. 'And our constitutional provision, providing a freedom of religion, was meant to meet that emergency.' A symposium to accompany the flower-tossing event will also be held at Harold Washington Library at 6 p.m. Thursday, where speakers from organizations like the American Civil Liberties Union and the Freedom to Read Foundation will speak about what people can learn from the Scopes trial and why book banning is seeing a resurgence in the U.S.

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