Bank Notes: U.S. Bank wins over investors … and more

A few recent headlines involving Minnesota banks:

U.S. Bancorp is winning back the confidence of investors, according to the Motley Fool, whose 2,022-member investment community has upped the bank to a four-star endorsement. Among other things, it likes Warren Buffet’s investment in the bank and the fact it was able to repay its TARP money.

Meanwhile, U.S. Bank is getting dragged into a Kansas City embezzlement case, the Kansas City Star reports. VCW Holdings is suing the bank, blaming it for allowing its former comptroller to make at least $1.1 million worth of transfers from company accounts that weren’t supposed to be accessed.

And Wells Fargo has more legal trouble over foreclosures, the Boston Globe reports. A Boston attorney is suing Wells Fargo and Bank of America, alleging that both lenders made loans they knew would be unaffordable to borrowers. Wells Fargo said it hadn’t yet been served and declined to comment.

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