Pros
MUFG Union Bank is dedicated to an integrous workplace. As one of few organizations not requiring funding from the US government in the crisis, their risk aversion has made them a solid company that takes few chances with an unexpected outcome. There is great tenure in the organization and focus on collaboration and collaborative decision-making.
Cons
MUFG Union Bank has not been able to differentiate between those forward-thinking decisions that directly affect the stability of the organization and those that do not. All decisions are made collaboratively, so that even decisions at should be made at the lower levels of the organization are subject to significant oversight. Changes are glacial, at best, and agreement of multiple levels are required before moving forward. Little (if any) change is made in the organization without some other organization having made it first. Once the decision is made, execution is required within a heartbeat, placing unnecessary burden on the lower levels to accomplish. In a current environment where velocity makes a difference, this is not a word that leadership understands in a way that can be sustained in its support organizations.