Kanye West: Prominent investment banking company breaks ties with the rapper

Kanye West
Credit: Instagram

A popular US banking giant has ended its relationship with Kanye West, who is now known by the name Ye. For the unversed, his brand is titled Yeezy. A letter from the prominent bank informing the rapper about their recent decision was posted on Twitter by conservative communicator Candace Owens. Moreover, Ye’s Instagram and Twitter accounts were suspended earlier because of his anti-semitic messages. However, reports suggest that the letter from the banking organization is pre-dated because it was sent to him on September 20, 2022.

Candace Owen’s tweet

Earlier on Wednesday, October 12, 2022, Candace Owens took to Twitter and wrote about the entire matter, “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.”

One can see the text of the letter posted by Owens opening with an acknowledgment that says as per ‘recent discussion.’ It further adds that the largest investment bank in the US has decided to end its banking relationship with Kanye West’s brand, Yeezy, its LLC, and other affiliated entities. It further added that the rapper was asked to transfer his business to another financial institution by November 21, 2022.

West’s allegations

Kanye West told Bloomberg in early September that he was reportedly done working with the corporate partners. He stated to the same publication, “It’s time for me to got it alone. It’s fine. I made the companies money. The companies made me money. We created ideas that will change apparel forever… Now it’s time for ye to make the new industry. No more companies standing between me and the audience.”

The story further noted that Ye had been at odds with the said company already after he had publicly criticized a number of executives from the organization, including its CEO. He further told Bloomberg about his experience with the bank, “I feel like there’s a lot of controlling and handling to suppress my ability to affect the American economy and industry.”

Earlier news

Kanye West’s Twitter and Instagram accounts were restricted recently on the grounds of posting anti-semitic remarks. It means Ye can no longer tweet on Twitter, and most of his posts in question from Instagram were removed, including the one that had a screenshot of a short text exchange between him and Diddy. A Twitter representative reportedly confirmed that the rapper had been locked out due to a violation of the social media platform’s policies.