Pros
I joined not so long ago, and from my perspective the goods sides so far were: a very decent grad program, good sign on bonus and base salary. Currently this is one of few banks that are hiring, so hopefully we willl have a bit more employment stability in the nearest future. The bank was not as severely hit as others, and some traditionally strong desks in IR, FX are making lots of money. The perks for those still employed as i know are in line with all I-banks, though the workload is somewhat less.
Cons
Some desks encounter annoyingly large ammount of IT issues, and sometimes tools you use are whatever you had created yourself. But this is improving (so fastly that sometimes I wonder how did they work 2 or 3 yrs ago). Most of jobs are not intellectually challenging (as in all banks I guess).