New York — JPMorgan Chase is in discussions to provide banking services to the Board of Peace, a U.S.-led initiative originally created to oversee the reconstruction of Gaza and now increasingly promoted by President Donald Trump as an alternative to the United Nations, the Financial Times reported.
According to two people familiar with the matter, the bank is considering offering a range of services, including facilitating payments to and from the board.
The talks are taking place despite strained relations between JPMorgan and the Trump administration. Last month, President Trump filed a lawsuit against the bank and its chief executive, Jamie Dimon, alleging that the lender closed his personal bank accounts for political reasons — a claim the bank has not publicly acknowledged.
Trump is expected to chair the Board of Peace’s inaugural meeting on Thursday, with delegations from 47 countries scheduled to attend, marking a significant step in the administration’s effort to elevate the body’s global role.
