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JP Morgan Chase parts ways with Kanye West

According to reports, JPMorgan Chase has broken connections with rapper Kanye West and his clothing company Yeezy in the wake of many recent scandals involving the artist's pro-government remarks and his growing support for right-wing politicians.

News Desk
By News Desk Published October 14, 2022
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Kanye West. Image Credits: People Magazine

In recent weeks, West has become mired in a number of controversy after making multiple anti-Semitic remarks on social media and in interviews. Additionally courting controversy, the rapper sent out a “White Lives Matter” jersey on the runway during last week’s Yeezy branded fashion presentation. Instagram and Twitter have both blocked West’s access to their sites as a result of his outbursts on social media. 

The rapper made an appearance on Tucker Carlson’s show after already being banned from social media, but parts of his interview in which he made anti-Semitic remarks—as well as other bizarre, conspiratorial statements—were cut out.

After Kanye allegedly exploited the program to promote “hate speech and highly unsafe stereotypes,” the LeBron James-hosted chat show “The Shop” decided not to run the episode.

Right-wing broadcaster Candace Owens tweeted on Wednesday night that the musician had been “kicked out” by JP Morgan Chase for no obvious cause and included a screenshot of what appeared to be a letter from the bank.

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 singer is given until November 21 to find a new bank after receiving notice that JP Morgan is terminating its “financial relationship” with him and his business, Yeezy, in the letter.

In recent months, West has criticized a number of his business associates, notably Jamie Dimon, CEO of JP Morgan Chase, and other senior executives Bill Grous and Jing Ulrich.

There has been “a lot of manipulating and handling to inhibit my potential to affect the American economy and industry,” according to a recent Instagram post by Kanye West.

On October 12, West replied to the bank JP Morgan Chase cutting its relations with him as he was leaving an event in Nashville. “Hey, if you call somebody out for terrible business, it means you’re being antisemitic,” he remarked when “I’m relieved to have disproved that notion so that we can talk freely about issues like getting canceled by a bank.” The wealthiest Black man in American history, he continued, having invested $140 million in JP Morgan.

TAGGED: Candace Owens, Jp morgan chase, Kanye West, kanye west and jp morgan, parts ways
By News Desk
The author is the news desk team.
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