No promotion from within for new positions, they are only hiring individuals from very large banks to come in and fill the roles. This will impact culture negatively over the long run. Everything is done via projects. Nothing is managed with the end in mind. Politics are so deep that production of the employees isn't valued as highly as loyalty. If you are in the "In" clubs, then you will be protected and sometimes promoted. If you are not, then just keep your head down, nose out of everyone's business, and it will end up being one of the easiest jobs you could have (not rewarding, but easy).