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Update: Sources have indicated to The Daily Wire that JP Morgan Chase may have notified West of its decision to end its banking relationship with him prior to his controversial actions over the last two weeks. Original story below:
JPMorgan Chase said in a statement obtained by Candace Owens on Wednesday that it has ended its banking relationship with rapper Kanye West’s business.
The statement, which was scant on details, was obtained by Candace Owens on the same day that Owens launched her new documentary on The Daily Wire, “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’),” 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 Chase 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” about their decision to end their 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 premier of Owens’ documentary.
The BLM exposé takes a deep-dive into the multi-million dollar “grift” of the Black Lives Matter Global Network Foundation and its former Executive Director Patrisse Cullors, and offers “the true story” behind the life and death of George Floyd with never-before-seen interviews from insiders and experts.
The documentary is available to those who are DailyWire+ members.
If you’re not already a member, you can sign up here and gain access to Owens’ new documentary — as well as lots of other content, including feature films, original series, video podcasts, and other documentaries, like the Matt Walsh hit “What is a Woman?”
Amanda Prestigiacomo contributed to this report.