U.S. banks could lose $35 billion due to capital rules

U.S. banks could lose $35 billion in revenue by 2025 under the Basel III committee's new capital rules, consulting firm Oliver Wyman warns in a statement. Each country decides how to apply the committee's measures, and the rules being prepared by the U.S. central bank, the Federal Reserve, are more punitive than the European ones in terms of how risk capital, market,…