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he expressed concern that an overall solution to this matter had not emerged and that 38 permanent missions were still unable to find a suitable banking alternative to jpmorgan chase.
16. the chair expressed his concern that a number of permanent missions remained unable to find suitable banking alternatives to jpmorgan chase despite the rapidly approaching deadline.
furthermore, he noted that a further extension of two weeks before closing of the jpmorgan chase bank accounts would allow them time to open accounts with unfcu, if necessary.
he noted that it was encouraging to hear that an extension had been granted by jpmorgan chase beyond the deadline of 31 march, and expressed the hope that this would provide sufficient time to find a solution.
in her view, small banks such as washington first bank would have the same cost issues that caused jpmorgan chase bank to close the accounts of the permanent missions, which could again lead to account closures in the future.
29. at the 256th meeting, the observer for the syrian arab republic wished to recall the issue of the closure of permanent mission bank accounts by jpmorgan chase bank in 2011 and the subsequent need to find a replacement bank.
he stated that the united states government was in contact with top management officials at jpmorgan chase and other banks, and was looking for both long- and short-term solutions.
he explained that the request by jpmorgan chase bank to close the account of the permanent mission of the syrian arab republic had caused a lot of problems for himself, as the head of the permanent mission, as well as for the entire mission.
17. at the 251st meeting, the observer of the islamic republic of iran expressed concern about the unresolved issue of the closure of all bank accounts held by the permanent missions at jpmorgan chase bank, noting that the deadline for the closures had been extended by two weeks.