On Wednesday, October 12, Ye received a notice from JPMorgan Chase Bank who informed him that they are ending its banking relationship with his Yeezy brand and all affiliated entities. The Donda Academy founder has until November 21 to take his business elsewhere. Controversial far-right advocate Candance Owens shared the letter from the bank to social media. There's no indication of why the bank is closing the rapper's account, but there's also no proof to assume it's because of his latest outrageous statements.
Last month, Ye touched on his thoughts about JPMorgan Chase during an interview with CNBC's Closing Bell. At the time, he said he was already planning on leaving the bank and considered Bank of America as an alternative. He explained his reason for switching banks is due to the banks ties to Adidas.
"I'm moving my money from JPMorgan over to Bank of America possibly because I go and move $140 billion dollars over to JPMorgan," Ye said. "Jamie Diamond calls me and I find out Jing Ulrich is one of the heads of the board at adidas and one of the heads of the boards at JPMorgan so if they're already treating you a certain way at adidas, it doesn't matter how much money you move over there, they're going to treat you like they meet you."
