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The most likely fall guy is Carroll, the management falling back on familiarity given that Welbeck and Rooney, with Ashley Young as a supply-line, are accustomed to each other's company at Manchester United.
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The damage was worst at Credit Suisse First Boston, where assets under management fell by 21.3 billion francs ($15.7 billion).
A letter from the ABC section secretary, Sinddy Ealy, to management fell on deaf ears.
Its assets under management fell to £193.6bn from £200.4bn in September.
The total value of assets under management fell 11percentt in the quarter, to $806 billion.
Revenue was little changed at $8.8 billion as fees from investment banking, trading and money management fell.
UBS assets under management fell slightly in the quarter, to $1.39 trillion from $1.41 trillion at the end of last year.
In the second quarter of this year, both revenue and assets under management fell at BlackRock.
Assets under management fell 2.4 percent, to $57 billion at the end of December.
Its assets under management fell 27 percent during that time, to $11.8 billion, because of net outflows and market depreciation.
The firm's total money under management fell almost 4 percent, to $54.8 billion, over the same time period.
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CEO of Professional Science Editing for Scientists @ prosciediting.com