It’s been a scary month for Ye as the rapper has been facing weeks of negative backlash. Most recently, JPMorgan Chase has now officially ended its banking relationship with YEEZY. In an official statement sent to the designer and his team, the American multinational investment bank and financial services holding company cited a previous discussion with a redacted entity as the catalyst for the end of the banking relationship.
The statement continues stating that JPMorgan Chase plans to offer YEEZY enough time to transition to another financial institution, maintaining accounts, including all products and services, until November 21. Henceforth, YEEZY’s open accounts will be closed, after the deduction of any permissible service charges and pending transactions.
Stay tuned for more updates.