The results of the government’s bank stress tests were released yesterday (Thursday), and the U.S. Federal Reserve has directed 10 banks to raise an aggregate $70 billion-plus in capital.

Bank of America Corp. (BAC) and Citigroup Inc. (C) were told by federal regulators to raise more capital after government “stress tests” revealed that the banks were not adequately protected against additional deterioration in the economy, published reports said yesterday.

Bellwethers Report Disappointing Earnings; Morgan Stanley on the Hunt for Regional Banks; NYT Reports Loss; Pentagon Computers Hacked; FDIC Ready to Replace Pandit; TARP Faces Fraud; Financial Institutions Lost $4.1 trillion; India Cuts Rates

Ah, Friday. The best day of the week. Here are some quick odds and ends for you headed into the weekend — followed by an interesting research piece you won’t want to miss.