Wall Street pays for banker R&R - Symphony's CEO exits - Coinbase's big debut

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

• Wall Street's perks keep getting better. The latest? An all-expense paid vacation for Houlihan Lokey's corporate-finance division employees.
• Coinbase hit the public market via direct listing, but ended the day down almost 14% from its opening price.
• Symphony CEO David Gurle is stepping down from the Wall Street messaging startup.

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Symphony's CEO is stepping down as the $1.4 billion Wall Street messaging startup gears up for an acquisition push

David Gurle is stepping down at the end of May, at which point Brad Levy, Symphony's current president and chief commercial officer will take over. We spoke with Gurle and Levy about the $1.4 billion startup's future plans, including its desire to make acquisitions.

Here's what they told us.

Houlihan Lokey is sending its bankers on all-expenses paid vacations and bumping base comp and bonuses for junior employees, as perks keep flowing on Wall Street

For workers on Wall Street, the perks keep coming. Houlihan Lokey is the latest financial services firm to offer incentives to junior talent, including increased base pay and all-expenses paid vacations. Get the full rundown.

CEO Roger Ferguson explains the leadership qualities that helped him rise to the top of TIAA to become one of the few Black leaders to head a Fortune 500 company

Ferguson, who will retire at the end of April, shared with us his top leadership advice, as well as his feelings about the state of American society, and his own future plans. Read our interview with the TIAA CEO.

JPMorgan just announced a $2.5 trillion climate and sustainable development push. The bank's global head of sustainability walked us through how it will work.

JPMorgan just launched a 10-year, $2.5 trillion climate and sustainable development initiative. Marisa Buchanan, the bank's global head of sustainability, shared the details. Learn more here.

Carlson Capital is losing its chief risk officer and top lawyer as exits mount at the $4.8 billion hedge fund

Carlson Capital has lost several key staffers in recent weeks, including the firm's top lawyer, its chief risk officer, and others. More on the manager's staffing exodus here.

Coinbase tumbles 19% in trading debut as valuation hovers around $100 billion

The cryptocurrency exchange made its much-awaited debut on the public markets on Wednesday. Read more here.

Citi has shuffled leadership across its newly formed wealth division as it makes a push to attract the ultra-wealthy across the globe

Citi mapped out the leaders in charge of its newly created wealth division. Find out who the key players are.

Goldman Sachs' CFO just explained why the bank is pushing to shut down old tech and making big plans to migrate to the cloud

Stephen Scherr, Goldman Sachs' CFO, details why the bank is so keen on its adoption of cloud tech on Goldman's earnings call. See more here.

Students in China are paying talent agents thousands of dollars to get hired at big Wall Street names as the country opens up its financial market, report says (Insider)

Bernie Madoff, Wall Street financier and Ponzi scheme organizer, has died at age 82 (Insider)

Uber's global investments finally pay off, with stakes that could be worth more than $18 billion as many prepare to go public (Insider)

Goldman's libor transition chief exits ahead of benchmark's retirement (Bloomberg)

Litigation funders are seeing opportunities for big returns in bankruptcies. Here's how 4 firms are playing it. (Insider)