Schools Chancellor David Banks Announces He’s Retiring Amid Federal Investigations

Schools Chancellor David Banks Announces He’s Retiring Amid Federal Investigations ()

This story was originally published by Chalkbeat. Sign up for their newsletters at ckbe.at/newsletters.

Less than three years after taking the helm of New York City’s school system, Chancellor David Banks is planning to retire at the end of the year amid widening probes of City Hall.

Banks’ stunning Tuesday announcement comes nearly three weeks after federal agents visited his home the day before school started and seized his phones as part of a broader investigation into members of Mayor Eric Adams’ inner circle. Investigators also confiscated phones from Banks’ partner, First Deputy Mayor Sheena Wright, and his two brothers, Phil Banks, deputy mayor for public safety, and Terence Banks, a consultant and former MTA staffer.

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