JPMorgan Chase Cuts Ties With Kanye West

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(Newser)

Candace Owens, the controversial conservative commentator who appeared alongside Kanye West wearing a “White Lives Matter” shirt at Paris Fashion Week, on Wednesday night posted a letter from JPMorgan Chase to the rapper announcing that the bank was cutting ties with West’s company, Yeezy Inc. However, as TMZ reports, Owens cropped out the date on the letter, and sources tell the gossip site it wasn’t sent recently. It’s dated Sept. 20, the sources say, prior to the “White Lives Matter” controversy and the even more recent controversy surrounding anti-Semitic posts the rapper has made on social media. The bank’s decision, rather, was made shortly after Ye, as the rapper now goes by, publicly complained about the bank in early September. In fact, at the time he said he planned to cut ties with the bank and “go it alone,” the AP reports.


The move means Ye will need to do his business banking elsewhere. Whether the reason was Ye’s political beliefs or his criticism of the bank, proponents of cryptocurrency were fired up by the news, Forbes reports. One sample tweet from a one bitcoin and crypto investor reads, “If they can shut down Kanye West’s bank account, you’re next. Bitcoin really is the answer here.” At a screening of Owens’ new documentary Wednesday night, West told Page Six, “Hey, if you call somebody out for bad business, that means you’re being anti-Semitic. I feel happy to have crossed the line of that idea so we can speak openly about things like getting canceled by a bank.” (Read more Kanye West stories.)

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