Yep we have about 100 odd years to go before we reach the 21st century
You do have a dress code of business wear and provided that you stick to that you won't be had a word with by any powers that be but what actually happens is for example a young chap will turn up at work wearing something perfectly suitable but non conformist such as brown shoes a short sleeved shirt a waistcoat or any of the other items referred to in my earlier post. A few supercilious idiots will then rip the hell out of them for days. They will call it just banter but it's not its far worse than that. The young chap will then comply.
It is not as bad as it was in the 80s or 90s as I have heard stories of Pockets being physically ripped off shoes being painted black and ties being snipped. Whilst these are stories I wouldn't be surprised if they did actually happen.
Bullying is something I abhor and unfortunately up in the City it is rife and in many forms you have a lot of people who only have a flashy suit to offer.
know the feeling, so glad i got out when i did. don't miss it in the slightest ( well maybe the bonuses