Standard Chartered has become the second corporate collaborator to sever ties with the Duke of York’s business mentoring initiative, Pitch @Palace.
The bank assembled accountancy conglomerate KPMG in pulling support for the scheme.
It said it was not renewing its sponsorship for “commercial reasons”.
Several businesses and universities are reviewing their association with Prince Andrew following a BBC interview about his link to imprisoned fornication wrongdoer Jeffrey Epstein.
Sources have told the BBC the decisions by Standard Chartered and KPMG were induced before the Newsnight interview.
Prince Andrew offset a planned call to flood-hit areas of Yorkshire on Tuesday, three days after the interview aired, the Sun newspaper reported .
It is understood the visit was regarded improper in the midst of an election campaign.
‘Very serious questions’
Meanwhile, Boris Johnson and Jeremy Corbyn were asked about whether the duke was “fit for purpose” during their head-to-head debate on ITV on Tuesday evening.
The Labour leader said there were “very, very serious questions that must be answered and nobody should be above the law”.
The prime minister said: “I believe all our sympathies should be, certainly, with the victims of Jeffrey Epstein and the law must certainly take its course.”