Thursday 13 October 2022

JPMorgan Chase Ends Its Banking Relationship With Kanye West

 JPMorgan Chase said in a statement obtained by The Daily Wire on Wednesday that it has ended its banking relationship with rapper Kanye West’s business.

The statement, which was scant on details, was obtained by Candace Owens on the same day that Owens launched her new documentary on The Daily Wire, “The Greatest Lie Ever Sold.”

“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. “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,” the statement continued. “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.”


JPMorgan Chase urged West to “act promptly [to] transfer your business to another financial institution before November 21, 2022.”

The bank encouraged him to reach out to them if he had any further questions.

The bank, according to Owens, gave “no official reason” about their decision to end their relationship with West.


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