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Yeezy, owned by Ye, aka Kanye West, cut ties with JPMorgan ahead of ‘White Lives Matter’ anti-Semitism controversy

October 14, 2022

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JPMorgan Chase is severing ties with Yeezy Brands, owned by Ye, the artist formerly known as Kanye West.

The bank sent Ye a letter on Sept. 20, weeks before he was mired in controversy after he wore a “White Lives Matter” shirt to his fashion show in Paris and wrote anti-Semitic messages on social networks.

The letter was shared by Ye’s conservative activist friend, Candace Owens, on Twitter, who commented, “We have reached extremely scary times in this country.” She did not specify in her tweet when the letter was sent.

Ye told the New York Post of the news on Wednesday, “Hey, if you’re calling someone on bad business, it means you’re anti-Semitic. I’m glad I crossed the line on this idea so we could talk. openly about things like being canceled by a bank.”

KANYE WEST BREAKS AFTER ADIDAS PUT YEEZY PARTNERSHIP ‘UNDER REVIEW’ FOLLOWING ‘WHITE LIVES MATTER’ STATEMENT

FILE – In this Feb. 9, 2020, file photo, Kanye West arrives at the Vanity Fair Oscar Party in Beverly Hills, Calif. shipping to cus (Photo by Evan Agostini/Invision/AP, File)/AP Newsroom)

Ye said he planned to sever ties with the company in an interview a week before the bank’s letter, telling Bloomberg, “It’s time for me to go it alone.”

He added, “It’s okay. I’ve made business money. Business has made me money. We’ve created ideas that will change clothes forever. Like the round jacket, the foam skate, the tap shoes that changed the shoe industry. Now is the time for You to create the new industry. More companies that stand between me and the public.

He had also slammed JPMorgan executives before the interview on Instagram and said he couldn’t reach the CEO by phone.

KANYE WEST CLOSE THE GAP AND LAUNCHES HIS OWN STORES

The headquarters of JP Morgan Chase & Co., the JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in th (Photo by Tim Clayton/Corbis via Getty Images/Getty Images)

“I feel like there’s a lot of control and manipulation to suppress my ability to affect the US economy and industry,” Ye told Bloomberg of JPMorgan.

Adidas said its partnership with the mogul was “under review” last week following the “White Lives Matter” controversy. (REUTERS/Andrew Kelly/File Photo/Steve Eichner/WWD/Penske Media via Getty Images)

The bank gave Yeezy 60 days from the letter to find a new institution for his money.

Yeezy has already ended its relationship with Gap and Adidas has said its partnership with the mogul is “under review” following the “White Lives Matter” controversy.

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“After repeated efforts to resolve the situation privately, we have made the decision to submit the partnership for review,” the company said Oct. 6, three days after Ye’s fashion show. “We will continue to co-manage the current product during this time,” the company said in a statement.

No reason was specified by JPMorgan’s severing ties.