The Globe and Mail reports in its Friday edition that Wall Street's biggest banks are backing Donald Trump's agenda to loosen regulatory requirements that lenders see as barriers, positioning the U.S. subsidiaries of Canadian banks for a boon. The Globe's Stefanie Marotta writes that the six biggest U.S. banks reported explosive full-year earnings this week, with JPMorgan clinching the title of the first bank in the country's history to top $50-billion (U.S.) in annual profit. Chief executive officers are predicting an even more profitable banking environment ahead, as the president-elect is expected reject a campaign for banks to hold more capital as a buffer against economic downturns. Some of Canada's biggest banks have major operations in the United States, including Royal Bank, TD Bank and BMO. While Mr. Trump's growth agenda could provide a boost to Canadian bank profits, CEOs have also warned that tariff threats could damage the economies of both countries. U.S. banks have railed against regulatory changes proposed under President Joe Biden. Regulators suggested raising capital levels, a proposition that stems from an international accord struck after the 2008 financial crisis to help prevent bank failures.