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JP Morgan Chase cuts ties with Kanye West | |
(32 minutes later) | |
US banking giant JP Morgan Chase is ending its relationship with the rapper and designer Kanye West, who now goes by the name Ye, and his Yeezy brand. | US banking giant JP Morgan Chase is ending its relationship with the rapper and designer Kanye West, who now goes by the name Ye, and his Yeezy brand. |
A letter from the bank informing Mr West of the decision was posted on Twitter by a conservative activist. | A letter from the bank informing Mr West of the decision was posted on Twitter by a conservative activist. |
At the weekend, his Twitter and Instagram accounts were suspended after he posted anti-Semitic messages. | At the weekend, his Twitter and Instagram accounts were suspended after he posted anti-Semitic messages. |
The BBC understands the letter from JP Morgan pre-dated recent controversies, as it was sent on 20 September. | The BBC understands the letter from JP Morgan pre-dated recent controversies, as it was sent on 20 September. |
In the letter, posted on Twitter by activist Candace Owens, the bank gave Mr West until 21 November to transfer his business. | In the letter, posted on Twitter by activist Candace Owens, the bank gave Mr West until 21 November to transfer his business. |
JP Morgan Chase declined to comment. | JP Morgan Chase declined to comment. |
Kanye interview pulled over 'more hate speech' | Kanye interview pulled over 'more hate speech' |
Kanye West's social media accounts locked | Kanye West's social media accounts locked |
Adidas puts Kanye West Yeezy deal under review | Adidas puts Kanye West Yeezy deal under review |
Mr West had previously taken to social media to criticise JP Morgan's leadership and said they would not give him access to the bank's chief executive Jamie Dimon. | Mr West had previously taken to social media to criticise JP Morgan's leadership and said they would not give him access to the bank's chief executive Jamie Dimon. |
He told Bloomberg in September that he was severing ties with his corporate partners and that "it's time for me to go it alone". | He told Bloomberg in September that he was severing ties with his corporate partners and that "it's time for me to go it alone". |
Representatives for Mr West did not immediately respond to a request for comment from the BBC. | Representatives for Mr West did not immediately respond to a request for comment from the BBC. |
The move by JP Morgan comes as Mr West's business partnerships have come under increased scrutiny. | The move by JP Morgan comes as Mr West's business partnerships have come under increased scrutiny. |
Last week, sportswear firm Adidas said it was reviewing its deal with him days after he showed a "White Lives Matter" T-shirt design at Paris Fashion Week. | Last week, sportswear firm Adidas said it was reviewing its deal with him days after he showed a "White Lives Matter" T-shirt design at Paris Fashion Week. |
The company did not mention the controversy but said "successful partnerships are rooted in mutual respect and shared values". | The company did not mention the controversy but said "successful partnerships are rooted in mutual respect and shared values". |
Mr West responded on Instagram, claiming the firm "stole" his designs. That post now appears to have been deleted. | Mr West responded on Instagram, claiming the firm "stole" his designs. That post now appears to have been deleted. |
Adidas told the BBC it had made the decision to put the partnership under review after "repeated efforts to privately resolve the situation." | Adidas told the BBC it had made the decision to put the partnership under review after "repeated efforts to privately resolve the situation." |
A spokesperson for the German sportswear company also said that the "Adidas Yeezy partnership is one of the most successful collaborations in our industry's history." | A spokesperson for the German sportswear company also said that the "Adidas Yeezy partnership is one of the most successful collaborations in our industry's history." |
Last month, Mr West said he was ending his partnership with the retailer Gap. | Last month, Mr West said he was ending his partnership with the retailer Gap. |
He accused the firm of failing to honour terms of the deal, including by failing to open standalone stores for his Yeezy fashion label. | He accused the firm of failing to honour terms of the deal, including by failing to open standalone stores for his Yeezy fashion label. |
You may also be interested in: | You may also be interested in: |
'Kanye West and Kendall Jenner wore my vintage T-shirts' | 'Kanye West and Kendall Jenner wore my vintage T-shirts' |
'Kanye West and Kendall Jenner wore my vintage T-shirts' | 'Kanye West and Kendall Jenner wore my vintage T-shirts' |