Following weeks of controversial news headlines and negative backlash, JPMorgan Chase has now officially ended its banking relationship with YEEZY. In an official statement sent to Ye and his team, the American multinational investment bank and financial services holding company noted a recent discussion with a redacted entity that led to it deciding to end its banking relationship with YEEZY, LLC and its affiliated entities. The statement goes on to note that JPMorgan Chase will offer sufficient time to transition to another financial institution, maintaining accounts, including all products and services, until November 21.
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