This past Wednesday, JPMorgan Chase put forth a statement explaining that it would be ending its entire banking relationship with famed Rapper Kanye West and any businesses he owns.
The statement, which did not provide very many details, was obtained by a known friend of Kanye Wast, Candace Owens, the very same day that she was slated to carry out the preliminary screenings of her new documentary titles, “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’),” explained the bank officials in the letter sent 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 email issued to the famed rapper went on. “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.”
The banking industry titan pushed West to “act promptly [to] transfer your business to another financial institution before November 21, 2022.”
The massive banking group also stated that they encouraged him to attempt to reach out to them if he required assistance or had any further information regarding the new policy.
The banking titan, as reported by Owens, issued “no official reason” regarding their choice to officially cancel their entire 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
The news of this termination of service from the Bank seemed to be in response to recent events and takes place as the rapper is in Nashville to attend the screening of the documentary created by his friend, Owens.
The documentary is an in-depth study of BLM and its multi-million dollar “grift” of the Black Lives Matter Global Network Foundation and the former Executive Director Patrisse Cullors.