October 14, 2022
JP Morgan Chase has recently ended their banking relationship with the rapper and designer Kanye West, saying anti-Semitic comment was the not the reason.
A conversation activist Candace Owen shared via Twitter on Wednesday that the bank sent West, now legally known as Ye, an official letter of termination “with no official reason”.
In the letter, the US banking giant revealed that the “break-up has been planned for weeks”.
“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,” Owen tweeted along side the image of the notice.
It read, “Dear Ye, We are sending this letter to confirm our recent discussion with [redacted name] that JP Morgan Chase Bank, N.A. (The Bank) has decided to end its banking relation with Yeezy LLC and its affiliated entities.”
According to Page Six, the news came after the top brands like Gap and Adidas decided to part ways with the Donda rapper mainly because of his social media bashing for these two brands.
Earlier, West was also restricted access to his social media accounts after his anti-Semitic comments.