--- title: "Dow Jones Top Financial Services Headlines at 4 PM ET: The Fees That Fund Your Rewards Credit Card Are Facing a State Battle | Security ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/284938016.md" description: "The Dow Jones highlights several key financial stories: Illinois plans to ban interchange fees on taxes and tips, causing concern among banks. Companies are increasingly turning to cyber insurance due to rising cyberattack risks. Minneapolis Fed President Neel Kashkari suggests potential rate changes. Cboe is cutting 20% of its workforce to focus on core operations. TPG raised over $10 billion, while Ares Management secured a record $30 billion. Berkshire Hathaway's outdated website sparks debate. BlackRock's Rick Rieder supports Fed chair candidate Kevin Warsh and remains optimistic about stocks. NatWest's conservative outlook impacts its shares." datetime: "2026-05-01T20:35:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284938016.md) - [en](https://longbridge.com/en/news/284938016.md) - [zh-HK](https://longbridge.com/zh-HK/news/284938016.md) --- # Dow Jones Top Financial Services Headlines at 4 PM ET: The Fees That Fund Your Rewards Credit Card Are Facing a State Battle | Security ... The Fees That Fund Your Rewards Credit Card Are Facing a State Battle An Illinois law set to go into effect this summer would ban interchange fee on taxes and tips, and has banks up in arms. \---- Security Strategies Shift Focus to Cyber Insurance With cyberattacks a when-not-if scenario, companies increasingly rely on insurers to minimize financial pain when prevention fails. \---- Risks From Iran War Sway Minneapolis Fed President's Dissent Neel Kashkari wrote Friday that the central bank should signal that its next rate change could be either a cut or a hike. \---- Cboe Is Slashing 20% of Its Staff in Bid to Focus on Core Businesses The derivatives exchange will also tighten its work-from-home policies and offer voluntary-retirement packages to older employees. \---- TPG Raises More Than $10 Billion, Doubles Capital Deployments TPG raised more than $10 billion in new capital during the recent quarter, bringing its total dry powder at the end of the period to $72.8 billion. \---- Ares Management Raises Record $30 Billion in First Quarter Despite Market Fears The firm dismissed concerns surrounding private-credit fund redemption requests and artificial intelligence disruption. \---- Berkshire Has a Website From the '90s and Buffett Fans Say Don't Mess With It The conglomerate's home page looks like it hasn't been updated in decades. If the new CEO tries to change it, he might have a problem. \---- How Private-Credit Funds Keep Debt Off Their Balance Sheets Publicly traded credit funds have more leverage than they used to, often in ways not visible. \---- BlackRock's Rieder Endorses Warsh and Sees More Gains for Stocks Rick Rieder, CIO of global fixed income at BlackRock, called presumptive Fed chair Kevin Warsh "a brilliant guy" on Barron's Live. He's bullish on the economy and stock market, too. \---- Jane Fraser Turned Citigroup Inside Out. Now Comes the Hard Part. Under the CEO, the long-beleaguered bank is working through its 13th restructuring. Can Citi shed its longstanding reputation as the banking sector's laggard? \---- U.S. Senators Now Prohibited From Trading on Prediction Markets Lawmakers voted to ban themselves from trading on platforms including Kalshi and Polymarket following concerns over insider trading. \---- NatWest's Conservative Outlook Drags on Shares The stock fell as much as 4% after a conservative revenue outlook overshadowed a profit beat on higher interest rates and sustained customer activity. (END) Dow Jones Newswires May 01, 2026 16:15 ET (20:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [BRK.A.US](https://longbridge.com/en/quote/BRK.A.US.md) - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [TPG.US](https://longbridge.com/en/quote/TPG.US.md) - [ARES.US](https://longbridge.com/en/quote/ARES.US.md) - [CBOE.US](https://longbridge.com/en/quote/CBOE.US.md) - [VFH.US](https://longbridge.com/en/quote/VFH.US.md) - [XLF.US](https://longbridge.com/en/quote/XLF.US.md) - [BRK.B.US](https://longbridge.com/en/quote/BRK.B.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [NWG.US](https://longbridge.com/en/quote/NWG.US.md) - [NWG.UK](https://longbridge.com/en/quote/NWG.UK.md) - [NWG.WI.US](https://longbridge.com/en/quote/NWG.WI.US.md) - [ARES-B.US](https://longbridge.com/en/quote/ARES-B.US.md) - [BTX.US](https://longbridge.com/en/quote/BTX.US.md) - [BIT.RT*.US](https://longbridge.com/en/quote/BIT.RT*.US.md) - [BDJ.US](https://longbridge.com/en/quote/BDJ.US.md) - [BSTZ.US](https://longbridge.com/en/quote/BSTZ.US.md) - [BIT.RT.US](https://longbridge.com/en/quote/BIT.RT.US.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) ## Related News & Research - [Here's How Much $1000 Invested In BlackRock 20 Years Ago Would Be Worth Today](https://longbridge.com/en/news/286621160.md) - [BlackRock private credit fund valuation practices under investigation - report](https://longbridge.com/en/news/286621253.md) - [Cboe Global Markets Declares Second-Quarter 2026 Dividend | CBOE Stock News](https://longbridge.com/en/news/286469933.md) - [Is It Too Late To Consider BlackRock (BLK) After Strong Multi‑Year Share Gains?](https://longbridge.com/en/news/286494873.md) - [Federal Probe Puts BlackRock Private Credit Valuations And Growth Plans Under Review](https://longbridge.com/en/news/286654023.md)