The Wealth Advisor

Contributor

The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Citigroup to Pay Bonuses for Most of 2023 to Workers Laid Off in Reorganization -Source

Citigroup will pay laid off employees bonuses based on the period they worked this year, a person familiar with the situation said on Wednesday.

Goldman Trader Paid $100 Million Since 2020 Is Stepping Down

One of Goldman Sachs Group Inc.’s highest-paid executives in recent years is stepping down.

Warning Signals Flashing Potential Economic Downturn

Faces a potential severe economic downturn, as multiple indicators within the financial sector begin to signal caution.

Citadel to Return $7 Billion of Profit to Hedge Fund Clients

Ken Griffin’s Citadel plans to return about $7 billion to clients after double-digit gains in its multi-strategy hedge funds.

Fed is Expected to Hold Rates Steady Wednesday. Wall Street Will be Listening for Any Hints of Cuts.

Federal Reserve is widely expected to hold interest rates steady this Wednesday during the central bank’s last policy meeting of the year.