Contrary to what Candice Owens hinted at itJPMorgan has terminated its banking relationship with Kanye West Last month, weeks before the rapper and fashion designer lost access to his social media accounts due to an antisemitic tweet.
Wednesday, Owens Post a picture of a message Addressed West of JPMorgan Chase saying that the bank “has decided to terminate its banking relationship with Yeezy, LLC and its affiliated entities.” Bank gave West until November 21 to transfer its assets to another bank or receive the remainder of his money by check.
Owens, a conservative commentator who has become close to the Yeezy founder in recent weeks, claimed that the bank did not provide an official reason for the termination. However, she appears to frame JPMorgan’s decision as a backlash against recent controversies in the West, including when it was He vowed to go “Death con 3” on the Jewish people In a tweet last weekend, when She wore a “White Lives Matter” shirt. At Paris Fashion Week last week.
“I want to say I don’t care what you think about Ye West – but I do care a lot about what you think about this,” Owens tweeted alongside the message. “We have come to very frightening times in this country.”
But the bank’s move had nothing to do with the West’s recent scathing statements. A source close to the situation told The Daily Beast that the message was sent on September 20, weeks before his anti-Semitic tweet and his fashion show.
The source added that the letter was already sent after that West interview with CNBC Last month, he announced his intention to stop banking with JPMorgan while also against its partnerships with Gap and Adidas.
“I’m moving my money from JPMorgan to Bank of America, perhaps, because I’ve moved and transferred $140 million to JPMorgan and [CEO] “Jimmy Damon never calls me,” West said at the time. “I found out that Jing Ulrich is one of the chairs of the board at Adidas and one of the chairs of the board of directors at JPMorgan, and they really treat me a certain way at Adidas. It doesn’t matter how much money you move there.”
It remains unclear how the termination between JPMorgan and West actually occurred, and whether it was a mutual decision after all.
the West Ended his partnership with GAP Last month. Adidas It has put its own partnership with West under review Days before his anti-Semitic statements.
“The Adidas Yeezy partnership is one of the most successful collaborations in the history of our industry,” the company said in a statement last week. “We are proud of our team who worked tirelessly throughout our collaboration with Ye and the famous products born of it. We also recognize that all successful partnerships are rooted in mutual respect and shared values. After repeated efforts to resolve the situation privately, we have taken the decision to put the partnership under review.”
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