JPMorgan Chase bank severed its ties with Kanye West following his “White Lives Matter” spectacle at Paris Fashion Week, and seemingly anti-Semitic comments he posted on social media. The rapper has since responded to the cancellation.
In a statement on Wednesday, the bank confirmed reports by Candace Owens that the bank had decided to cut its ties with Kanye and Yeezy LL.
“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’),” the bank said in an email to West, reposted by Daily Wire.
The bank statement continued:
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.
The bank told West to “act promptly [to] transfer your business to another financial institution before November 21, 2022.”
As the email shows, the bank does not provide any official reason to cut ties with the popular rapper.
Late Wednesday night, Kanye responded to the report stating that he was “happy to have” crossed the line with his widely condemned remarks that were deemed anti-Semitic because his intention was to discuss cancel culture in the United States.
“Hey, if you call somebody out for bad business, that means you’re being anti-Semitic,” West said to reporters following a screening of Candace Owens’ new documentary. “I feel happy to have crossed the line of that idea so we can speak openly about things like getting canceled by a bank.”