JPMorgan Chase & Co. has ended its banking relationship with Kanye West’s business amid the ongoing backlash over his “White Lives Matter” protest.
West caused outrage by wearing a “White Lives Matter” shirt at his Paris fashion show last week.
Responding to the backlash, West blasted the Marxist Black Lives Matter organization, which he said is a “scam.”
As Slay News reported, West suggested that his protest was an effort to expose the far-left BLM.
However, West has been hit hard for his stance.
West has lost business deals, had a concert canceled, and been suspended on social media for speaking out against Black Lives Matter.
The Left has sent a loud and clear message to celebrities considering publicly questioning the leftist agenda: Criticize us and you risk losing everything.
JPMorgan sent West a statement informing him that it is cutting ties with his business.
A copy of the statement was obtained by West’s friend and “White Lives Matter” ally Candace Owens.
“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, America’s largest bank, 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” for its decision to end its long-term relationship 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. pic.twitter.com/FUskokb6fP
— Candace Owens (@RealCandaceO) October 12, 2022
News that the bank terminated its relationship with West comes as the rapper was in Nashville to attend the premiere of Owens’ documentary.
The BLM exposé takes a deep dive into the multi-million dollar “grift” of the Black Lives Matter Global Network Foundation.
It also shines a light on BLM’s former Executive Director Patrisse Cullors and offers “the true story” behind the life and death of George Floyd.
It includes never-before-seen interviews from insiders and experts.
