Wall Street Roundup: The banks’ protector. Citi’s maneuver.

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Gold: Trading now at $1,494 per ounce, up 0.1% from Monday. Dow Jones industrial average: Trading now at 12,208.90, up 0.1% from Monday.

Goldman beats expectations. First-quarter earnings at Goldman Sachs were down from a year ago but better than expected due to profit from the trading desks.

The banks’ protector. Joe Nocera says that last week’s mortgage settlement between the banks and the Officer of the Comptroller of the Currency shows again how the regulator is serving as a protector for the banks.

Citi’s maneuver. It appears that Citibank has done some shifty maneuvering of assets to get around regulatory capital requirements.

Questioning insider trading. With the defense resting its case in the Raj Rajaratnam insider-trading case, a number of articles Tuesday question the way insider trading is defined and punished today.

-- Nathaniel Popper