U.S. BANCORP

Federal Reserve chief Ben Bernanke said that the results of stress test results today - showing 10 banks need $75 billion in additional capital - should give comfort to investors and the public about the ability of banks to weather an even more adverse economic situation than the nation is facing.

About 10 of the 19 largest U.S. banks being stress tested will be instructed by regulators to raise more capital, according to a source familiar with official talks.

Last month in a Boston foreclosure sale, John Hancock Tower Lenders Took, a 65% Haircut In 3 Years . Boston is back in the news today with another foreclosure auction. This time it's condo related, with Chorus Bank in the thick of things.

Warren Buffett attacked the government's stress tests of 19 large U.S. banks, saying they failed to properly assess the industry's health, and that he would buy more shares in three big banks Berkshire Hathaway Inc already owns.

Warren Buffett criticized the government's stress tests of 19 large U.S. banks for failing to account for strengths in lenders' business models, and said he would buy more shares of three big banks in the portfolio of his Berkshire Hathaway Inc .

The top 19 U.S. banks need to hold a substantial amount of capital above regulatory requirements to weather a potential worsening of the economic recession, the U.S. Federal Reserve said on Friday.

U.S. Bancorp , one of the 10 largest U.S. banks, reported higher-than-expected quarterly earnings on Tuesday on record revenue from mortgages, sending its shares up almost 21 percent.

Citigroup Inc Chief Executive Vikram Pandit said he expects the No. 3 U.S. bank to rebound from its current woes and pledged that it would repay every dollar it owes to the U.S. government. Pandit commented on the bank's prospects on Tuesday at the annual shareholders' meeting.

On March 16 Peoples Bank, National Association (Peoples Bank) a subsidiary of Peoples Bancorp Inc., announced plans to consolidate two banking offices into existing Peoples Bank locations.

U.S. Bancorp, one of the 10 largest U.S. banks, said quarterly profit fell 65 percent to its lowest level since 2001, as it took a $253 million securities write-down.

Berkshire Hathaway, billionaire Warren Buffett's investment company, sold its stake in Ameriprise Financial earlier this year, according to a regulatory filing on Thursday.

Investment bank Piper Jaffray Companies (NYSE: PJC) said on Friday that it agreed to acquire Fiduciary Asset Management, LLC (FAMCO) for about $66 million in cash, in a bid to enter the asset management business.