It sounds like they used to be much better. When I joined in 2010, they were working on a shift towards a new management style with metrics and the whole nine yards.
That management style also resulted in their backend risk management system using rot13 for authentication because the developers "didn't have enough time to implement something better." Being able to read, in plaintext, their production mortgage database's read/write password was pretty interesting. I avoid them like the plague now.