U.S. plan to ease Wall Street rules may not be worth cost for banks: Fitch

Leading U.S. banks may find that a Republican plan to ease restrictions on Wall Street is not worth the additional cost of capital, a report from Fitch Ratings said on Wednesday. Representative Jeb Hensarling, chairman of the House Financial Services Committee, authored a banking reform package last year that would allow large banks to drop some regulations if they boost their capital reserves. Under the proposed CHOICE Act, banks would be exempted from safety and soundness rules that limit payo