Kanye West’s Yeezy Company Dropped By JPMorgan Chase
Investment bank JPMorgan Chase has severed ties with embattled rapper Kanye West. The news was broken by conservative commentator Candace Owens, who tweeted on Wednesday (Oct. 12), “Earlier today I learned that @kanyewest was officially kicked out of JP Morgan Chase bank. I was told there was no official reason given, but they sent this letter as well to confirm that he has until late November to find another place for the Yeezy empire to bank.”
The text of the undated letter posted by Owens opens with an acknowledgment that per a “recent discussion,” the largest bank in the U.S. “has decided to end its banking relationship with Yeezy, LLC and its affiliated entities,” noting that the rapper was encouraged to transfer his business to another financial institution before Nov. 21.
A spokesperson for Chase declined to comment at press time, though Billboard has confirmed the contents of the letter and that it was dated Sept. 20, weeks before West’s recent string of anti-Semitic comments and a parallel controversy over the “White Lives Matter” shirt he wore at his recent Paris Fashion Week show. The New York Times‘ DealBook reported that it had also confirmed the closure of Ye’s account.
