JPMorgan unveils $1.5 trillion initiative to boost U.S. strategic industries

JPMorgan Chase appointed veteran banker Jay Horine to lead its new $1.5 trillion Security & Resiliency Initiative, a ten-year plan to channel private capital into defence, manufacturing and energy sectors critical to U.S. national security. The programme includes $10 billion in near-term venture investments in 2025 and aims to catalyse public-private partnerships. CEO Jamie Dimon said the initiative reflects growing alignment between finance and industrial policy as the U.S. strengthens supply-chain resilience and domestic production capacity.