No, there is a difference between reporting and banning.
Reporting is what you do.
Banning is what I do.
Things can be reported until the cows come home but nothing happens until I make a judgement on it! This works the other way as well, once reported it will stay reported. It would be interesting if user stats changed with my actions though - for example if you are reported but I make a "let it be," decision you'd lose the "reported" status on that question/answer/element.
That might be a long way off.
As to moving thing - again it will be nice when we can do that, but it is not top of the list! We've got "bits," to sort out first.
I can bring banned posts back, but you'd really have to convince me!
I hope this is a satisfactory answer!
All the best,
Spare Ed