JPMorgan (JPM) is in discussions to provide banking services to the U.S.-backed “Board of Peace,” an institution aimed at supporting Gaza’s reconstruction and positioned by Donald Trump as a potential alternative to the United Nations, The Financial Times’ Neri Zilber, James Shotter, Joshua Franklin, and Abigail Hauslohner report. The initiative is part of a broader effort to establish a new governance framework for Gaza following the two-year war between Israel and Hamas. According to two people familiar with the situation, the bank is discussing providing services such as facilitating payments to and from the board.
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