Pros
Having a job. Wonderful people left over from mergers with Merril Lynch and Barclays Globals Investors. (Note that many of these are being terminated and are gleefully accepting severance. HR is amazed at the joyfull responses they are receiveing upon delivering the news.)
Cons
IT Senior management are a formidable clique which shuns consultants, and any outside input. This is a key reason that their "technology" is stuck in the 90's. The frustrating, sad, embarrassing thing is that they really think that they are the innovators. (Doubt me? ask any BlackRocker about the "Genie Tool bar".) No respect for the worker bee. This is a slave ship. The happiest day of my professional life came when I was told that my job was redundant and I had till Dec. 31, 2010 to pack my desk. :)