Kanye West, JPMorgan banking breakup planned for weeks
JPMorgan Chase and Kanye West are ending their business relationship, as the hip-hop star remains embroiled in controversy over his recent antisemitic comments
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.JPMorgan Chase and Kanye West are ending their business relationship, as the hip-hop star remains embroiled in controversy over his recent antisemitic comments.
The letter ending West's relationship with JPMorgan was tweeted Wednesday by conservative activist Candice Owens, who has been seen publicly at events with the rapper, who is now legally known as Ye.
While Owens claimed that JPMorgan did not disclose the reason for severing ties, the letter was sent to West on Sept. 20, according to a bank spokesperson. The decision was made after Ye publicly said he was going to cut off ties with the bank. JPMorgan is giving West 60 days from the date of the letter to find a new banking relationship.
West told Bloomberg News on Sept 12 that he planned on cutting much of its corporate ties, saying he “It’s time for me to go it alone." In that interview, he also criticized JPMorgan for not giving Ye access to Jamie Dimon, the bank's CEO and chairman.
While Ye is wealthy from his hip-hop career, he also controls a popular fashion and shoe line under Yeezy Brands. In that interview with Bloomberg, he said he also planned to cut relationships with his corporate suppliers as well.
Social media giants Twitter and Instagram have blocked Ye’s accounts from posting in recent days due to his antisemitic comments.