Breaking News: NYC Schools Chancellor David Banks resigns amid federal probe

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NYC Schools Chancellor David Banks resigns amid federal probe

Schools Chancellor David Banks, who assumed his role as head of the nation's largest school system in New York City two years ago, is stepping down, according to a report.

Banks, a longtime friend of Mayor Eric Adams who appointed him in December 2021, is resigning as he faces scrutiny over his ties to a federal investigation. The probe is centered around the role his consultant brother Terence played in a potential bribery scheme involving city contracts.

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