Gleacher Shacklock in London - MM or EB?

For GS, MS, and JPM, yes. BofA was high (90%) but they take much less interns and are more selective earlier on. I believe Citi was somewhere in between the two. 

I'm interested to know why you would put Torch as "miles ahead" of Arma? Arma is the leading bank for software M&A across Europe, and pays much more than Torch to its analysts.

I do not work at Arma or Torch but I do work in TMT at a BB and this is a generally accepted view. You can take a look at how many deals Arma has closed this year vs Torch.

Not saying Torch is a bad place.

Torch has fallen a lot during the past >1 year.

Below market comp across the board.
Okish rep in corporate broking/capital markets advisory but nothing really in terms of genuine FA work and consistently finds itself in "broker only" roles when a client gets taken private (and not actually particularly strong on the IPO front, only did three IPOs in the last wave vs Numis on 12, Berenberg on 9 etc).
Exits at junior level to better brand name banks (lots of analysts go to Laz/Roths/bulge when hiring markets are better, never PE), seniors go to other mid-market banks that pay better.

Assuming you did?