Rapper and fashion mogul Kanye West has just been canceled by one of the world’s biggest banks.
JPMorgan Chase has informed West they no longer want his business and are canceling their relationship with his companies, according to reports on Wednesday.
Conservative author, podcaster and commentator Candace Owens, a friend of the rapper, took to Twitter late Tuesday to post an email that the bank had sent to West, which noted that all services would be canceled by Nov. 21, The Blaze noted.
The email states, in part:
We are sending this letter to confirm our recent discussion with [redacted] that JPMorgan Chase Bank, N.A (the “Bank”) has decided to end its banking relationship with Yeezy, LLC and its affiliated entities (collectively, the “Company”). To provide the Company with sufficient time to transition to another financial institution, we will continue to maintain the accounts (attached as Exhibit A), including all related products and services, until November 21, 2022.
To avoid any transaction delays, we suggest that you stop processing Company transactions and/or using any products associated with the accounts five business days before the scheduled closure date set forth above. After that date, the Bank will close any open accounts, and after deduction of any permissible service charges and pending transactions, remit all remaining funds in the form of a check delivered to the Company at the address of record.
However, as The Blaze pointed out, the email did not say why the bank was canceling West. The New York Times reported Thursday that it confirmed JPMorgan Chase is ending its banking services with West.
“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,” Owens noted in her Twitter post.
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. pic.twitter.com/FUskokb6fP
— Candace Owens (@RealCandaceO) October 12, 2022
The Blaze added:
The development comes as West faces backlash for a recent wave of anti-Semitic comments. At one point, his massively popular Twitter and Instagram accounts were restricted for posting controversial remarks.
Meanwhile, West has been openly critical of JPMorgan Chase recently, rebuking “executives Bill Grous at JPMorgan’s wealth management business, investment banking Vice Chair Jing Ulrich and Chief Executive Officer Jamie Dimon,” Bloomberg reported last month.
“I feel like there’s a lot of controlling and handling to suppress my ability to affect the American economy and industry,” West told Bloomberg regarding the bank.