Wall Street Roundup: The power of ICE. Barney Frank fires back.

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Gold: Trading now at $1,437 per ounce, up 0.5% from Friday. Dow Jones industrial average: Trading now at 12,393.40, up 0.1% from Friday.

Wachovia in the crosshairs. Wachovia, the North Carolina-based bank bought by Wells Fargo, may be facing a lawsuit from the Securities and Exchange Commission over the way it sold mortgage bonds before the financial crisis, the Wall Street Journal reports.

The power of ICE. Nasdaq got all the press for its hostile bid for the New York Stock Exchange, but the junior partner in the bid, InterContinental Exchange, may have the most to gain in the deal.

The German response. Deutsche Boerse, the German stock exchange operator that has signed an agreement to acquire the NYSE, says it won’t raise its bid in response to Nasdaq’s offer.

Frank fires back. Barney Frank, a co-author of last summer’s financial reform bill, took to the pages of the Financial Times to attack Alan Greenspan’s article in the paper last week attacking Frank’s bill.

-- Nathaniel Popper