BREAKING NEWS

Diplomats complain about no US bank accounts

By ASSOCIATED PRESS

JANUARY 14, 2011 03:15

UNITED NATIONS — Diplomats from many countries complained to US government officials Thursday about the decision by several American banks to close the accounts of their diplomatic missions and their difficulty in finding new banking facilities.

Patrick Kennedy, the State Department's undersecretary for management, and Mark Poncy, director of strategy policy at the Treasury, briefed about 200 diplomats behind closed doors and then listened to envoys from many of the UN's 192 member nations.

"We heard their concerns," Kennedy told reporters afterward. "We've offered some suggestions on what ... alternative approaches they might take to obtain additional banking services."

Kennedy said the US would continue to work with the diplomats and with the banking industry.

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