The thread is about pols behaving badly. Not sure whether to credit or chide Jamie Dimon here, but all CEOs are necessarily pols in the era of Donnie Two Dolls.
So, no sane person would suggest that these two reports have nothing to do with each other:
First Trump sued JP Morgan for 5 billion dollars for closing his accounts after the 1/6 insurrection.
https://www.bbc.com/news/articles/c2e11m2w2meo
Now though, per a report first published in the FT, Reuters has run a piece noting that JP Morgan is allegedly in talks about providing "some banking services" to Trump's Board of Peace scam, er. . enterprise regarding the redevelopment of Gaza. Reuters said neither the FT nor JP Morgan has responded to requests for comment.
So what sort of banking services? Stuff like maybe facilitating payments to contractors or contributions to the board, presumably from states that are members. Those are risk-laden services that ordinarily no regulated bank that ever did biz with Trump would necessarily choose to engage in after previous experience with his business dealings and bankruptcies. And the risk of accidentally facilitating money laundering is not zero, let's be real here, despite all the assurances in the original public statements about the Board of Peace structure and controls. Trump may potentially chair the board for life after leaving the White House.
Many questions are swirling around the Trump-led Board of Peace, which was originally billed as a committee that would oversee the rebuilding and reconstruction of Gaza.
abcnews.com
But "regulatory or legal" risk to a US bank that does something Trump actually wants done these days is evidently minimal. Especially if otherwise an unrelated lawsuit without likely merit is going to cost a particular US bank some big bucks to have to defend regardless of merit.
May the best con man win. Ya think the prediction markets have odds on Trump or Dimon making out better here?