Major Bank Cuts Ties With Kanye West Amid ‘White Lives Matter’ Flak

The fallout over rapper Kanye West’s recent behavior continues this week with news that JP Morgan Chase has severed its banking relationship with him.

West sparked controversy earlier this month by appearing at a Paris fashion show in a “White Lives Matter” interview. The backlash intensified after he sat down for a Fox News Channel interview and posted a series of social media messages widely interpreted as antisemitic.

In an email to the rapper subsequently published by the Daily Wire, JP Morgan Chase confirmed that it “has decided to end its banking relationship with Yeezy, LLC and its affiliated entities,” referring to West’s business venture.

The bank noted that it would “continue to maintain the accounts” for a little over a month in order to allow West to make other arrangements.

“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 advised. “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.”

West’s recent behavior instigated a series of other corporate reactions, including a suspension of his Instagram account and a possible decision by Adidas executives to sever that company’s partnership with Yeezy.

In a statement last week, Adidas confirmed: “After repeated efforts to privately resolve the situation, we have taken the decision to place the partnership under review. We will continue to co-manage the current product during this period.”

That acknowledgment came just weeks after CEO Kasper Rorsted identified West as “our most important partner worldwide” who has “had a tremendous impact globally” for the brand.

“We have a very, very good relationship with him,” Rorsted said in August. “We communicate with him on a very ongoing basis. And we’re very proud of that relationship.”

In an interview with the New York Post’s Page Six, West addressed the ongoing controversy, once again denying that he is an antisemite.

“I feel happy to have crossed the line of that idea so we can speak openly about things like getting canceled by a bank,” he said.