February 19, 2026 – JPMorgan Chase is in talks to provide banking services to the U.S.-led Board of Peace. The Financial Times first reported the story on Thursday, February 19, 2026. The bank would facilitate payments to and from the board. Neither JPMorgan nor the White House immediately confirmed the report.
What Is the Board of Peace?
President Trump first proposed the Board of Peace in September 2025. It was designed to oversee Gaza’s temporary governance. Trump later expanded its mandate to address conflicts worldwide. Critics argue this move could undermine the United Nations.
On Thursday, February 19, 2026, Trump presided over the board’s inaugural meeting. Delegations from 47 countries and the European Union attended the event.
A Complicated Relationship
The timing is notable. JPMorgan and CEO Jamie Dimon are facing a $5 billion lawsuit filed by Trump last month. The suit accuses the bank of closing accounts held by Trump and his companies on political grounds.
This context makes the banking talks significant. It suggests business interests may be driving both sides toward pragmatism. That is notable, even amid an active legal dispute.
Why This Matters
JPMorgan is the largest bank in the United States. Its involvement would lend institutional credibility to the Board of Peace. It would also mark a turning point in JPMorgan’s relationship with the Trump administration.
Whether these talks lead to a formal deal remains unclear. But the development reflects a broader pattern: Wall Street and Washington are finding common ground. That is happening even when they are suing each other.
