FT: JPMorgan in talks to handle finances for Trump-led Board of Peace

JPMorgan Chase is holding discussions about providing financial services to the US-led Board of Peace, an international initiative launched by President Donald Trump, according to a report by the Financial Times citing sources familiar with the negotiations.

People familiar with the talks said JPMorgan Chase is considering arrangements to facilitate payments to and from the Board of Peace. Under the initiative’s charter, the board’s executive body is tasked with establishing control and oversight mechanisms governing budgets, financial accounts, and disbursements to ensure financial integrity and proper management of funds.

In a statement cited in the report, the bank said it is “exploring all options that can help us get assistance to Gaza as efficiently and effectively as possible.”

The negotiations are unfolding amid tensions between Trump and the bank. Last month, the US president filed a $5 billion lawsuit against JPMorgan and its chief executive, Jamie Dimon, alleging the institution severed ties with him and his businesses for political reasons.

Trump first proposed the Board of Peace in September 2025 as a mechanism to oversee temporary governance arrangements in Gaza. The concept was later broadened to address wider global conflicts and post-crisis stabilisation efforts.

Trump is expected to chair the board’s inaugural meeting in Washington on Thursday. Delegations from 47 countries, along with representatives of the European Union, are scheduled to attend.

Approximately two dozen countries have already agreed to participate in the initiative. The Board of Peace will be funded through contributions from member states, with permanent membership granted to countries that commit at least $1 billion during the first year.

The initiative is designed to combine political coordination with financial oversight mechanisms aimed at managing reconstruction and stabilisation programs.

By Tamilla Hasanova