Pros
They pay you each month (nowhere near the market rate but they do pay you!) "Welcome to State Street" seems a nice thing to say but it is the phrase they use to new hires when the new hire questions the ludicrous ways that State Street does things! Translates to "I know its absolutely ridiculous but don't even bother thinking you're going to change anything."
Cons
No strategy. Unbelievably status oriented. Don't bother having any ideas about how you could improve things- it's only your boss who can have ideas. And don't try arranging a meeting with someone of a higher "bank grade" or sending them an email. They won't respond. Dictatorial Culture of presenteeism. You need to be seen to be in the office and for extended hours. It's not about what you deliver.