Ye and JPMorgan Chase plan weeks-long banking split

Ye and JPMorgan Chase plan weeks-long banking split

JPMorgan Chase and the rapper formerly known as Kanye West are ending their business relationship, but the split isn’t due to controversy over the hip-hop star’s recent anti-Semitic remarks.

Conservative activist Candace Owens tweeted Wednesday the letter ending West’s relationship with JPMorgan, and he made public appearances at events with the rapper, who is now legally known as Ye.

While Owens claims JPMorgan did not disclose the reason for the severance, the letter was sent to West on Sept. 20, according to a bank spokesman. The decision came after Ye publicly said he would cut ties with the bank. JPMorgan gave West 60 days from the date of the letter to find new banking relationships.

West told Bloomberg News on Sept. 12 that he plans to sever most ties to the company, saying he “is now on my own.” In that interview, he also criticized JPMorgan for not letting Ye Contact Jamie Dimon of the bank. Chief Executive Officer and Chairman.

While Ye is rich in hip-hop, he also controls popular fashion and footwear lines under Yeezy Brands. In an interview with Bloomberg, he said he also plans to cut ties with the company’s suppliers.

Social media giants Twitter and Instagram have blocked Ye’s posts in recent days due to Ye’s anti-Semitic remarks.

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