3.0
4 June 2022
Current employee, more than 8 years
New York, NY
Recommend
CEO approval
Business outlook
Pros
At least in New York, the culture is generally decent and employees get along and respect each other. Many American banks have cutthroat, backstabbing cultures. HSBC has some of this too, but not to as severe of a degree
Cons
However, both the US and Global Leadership are not particularly inspiring, this is from the C-suite down to several levels of MDs. Most lack vision, inspiration or a genuine desire to compete. They are clipping coupons on their salary and bonus until they retire. No one makes singular decisions, everything is done via consensus. Senior management doesn't seem to believe time is against them -- simple requests can take weeks or months for decisions to be made.