Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Explainer-Britain's Andrew and the sex scandal that cost his royal titles, privileges
    Headlines

    Explainer-Britain's Andrew and the sex scandal that cost his royal titles, privileges

    Explainer-Britain's Andrew and the sex scandal that cost his royal titles, privileges

    Published by Global Banking and Finance Review

    Posted on October 21, 2025

    Featured image for article about Headlines

    LONDON (Reuters) -Britain's King Charles stripped younger brother Andrew of his title of prince and ordered him out of his royal home over renewed scrutiny after the release of a posthumous memoir by one of the most prominent accusers of late U.S. sex offender Jeffrey Epstein.

    The book by Virginia Giuffre detailed new allegations about the 65-year-old Andrew, who is the second son of the late Queen Elizabeth and has always denied accusations made by Giuffre before her death by suicide in April. 

    The decision by the king, which was announced on October 30 and endorsed by heir-to-the-throne Prince William, was one of the most dramatic moves against a member of the royal family in modern British history.

    Here are details about Andrew's case and its implications.

    WHAT ARE GIUFFRE'S ALLEGATIONS ABOUT ANDREW?

    In her memoir "Nobody's Girl", Giuffre wrote that when she was a teenager she had been forced to have sex with Andrew, the eighth-in-line to the British throne, on three occasions at the behest of Epstein, including one she described as an "orgy".

    One of the occasions took place at the London home of Epstein's longtime associate Ghislaine Maxwell, who she says facilitated her introduction to Andrew. 

    The memoir says Andrew correctly guessed Giuffre's age - 17 - when they first met, and includes details of encounters in London, New York and on Epstein's private island. In her book, Giuffre said the "entitled" Andrew believed it was his birthright to have sex with her.

    Epstein, who killed himself in 2019 in prison while awaiting trial on sex abuse charges, was jailed in 2008 for child sex offences. Maxwell was found guilty in 2021 in the U.S. of sex trafficking by helping Epstein sexually abuse teenage girls and was later sentenced to 20 years in prison.

    PRINCE ANDREW'S DENIALS AND THE 'NEWSNIGHT' INTERVIEW

    In 2011, Andrew quit his role as Britain's roving trade ambassador, partly because of his friendship with Epstein.

    With Epstein making headlines again in 2019, Andrew gave what turned out to be a disastrous interview to the BBC's Newsnight programme.

    He denied ever meeting Giuffre, said he could not have had sex with her in London as she said because he was in a pizza restaurant for a children's party, and that her account of him sweating profusely at a nightclub was wrong because he suffered from a medical condition that stopped him perspiring.

    He also cast doubt on an infamous picture from 2001 which showed him with his arm around Giuffre's waist.

    He has always continued to deny the accusations although in 2022, he approved a financial deal to settle a U.S. lawsuit brought by Giuffre.

    He told the BBC that he had broken off contact with Epstein in 2010 but had gone to stay at his home in New York because he was "too honourable" to cut off ties by phone.

    CHINESE 'SPY' AND 'WE'LL PLAY MORE SOON' SCANDALS

    In the wake of the BBC interview, Andrew was abandoned by businesses and his charities, and he was forced to step back from public duties. 

    But Giuffre's lawsuit and the criminal prosecution of Maxwell forced Buckingham Palace and the royals to take further action to distance themselves from Andrew. In January 2022, he was stripped of his military links and royal patronages, and lost the moniker of "His Royal Highness".

    Last December, it was disclosed in a court ruling that a close Chinese business associate of Andrew was thought by the British government to be a Chinese spy.

    The man involved has denied the allegations, but they meant Andrew's already battered reputation took a further hit, and provoked further questions about his finances, coming after Charles cut off his annual allowance.   

    Earlier in October, The Mail on Sunday newspaper published an email it said was from Andrew to Epstein, written in 2011 weeks after he had told Newsnight he had already broken off contact with the financier. 

    In the email the prince wrote: "Keep in close touch and we'll play some more soon," the paper said.

    ANDREW STRIPPED OF ALL HIS TITLES

    On October 18, Andrew announced that he would give up using his title of "Duke of York", and all his remaining honours, such as his membership of the Order of the Garter, Britain's oldest chivalric order.

    It was also announced he would no longer attend the annual royal Christmas get-togethers at Sandringham, the royal home in eastern England.

    On October 30, the king escalated his actions against Andrew by voiding all his titles, including that of prince, and forcing him to surrender the lease of his Royal Lodge mansion on the Windsor Estate, west of London.

    Andrew, who had not paid rent on his 30-room mansion for two decades, will be moved to alternative private accommodation on the Sandringham estate in eastern England, and will be known as Andrew Mountbatten Windsor.

    Buckingham Palace described the decision as necessary despite Andrew's continual denial of the allegations against him. The palace said the king stood with all victims and survivors of abuse.

    IS THIS THE END OF THE SAGA?

    London's police force said it was "actively looking" into newspaper allegations that Andrew had asked one of his personal protection officers in 2011 to dig up information about the Giuffre allegations, which a Buckingham Palace source said should be "examined in an appropriate way".

    Some anti-monarchy campaigners argued that Andrew's loss of royal titles and transfer from one lavish residence to another amounted to too mild a punishment. Republic, a campaign group founded in 1983 that calls for an elected head of state in Britain, said he should face a police investigation.

    (Reporting by Michael Holden; additional reporting by Catarina Demony; editing by Sharon Singleton and Mark Heinrich)

    Related Posts
    EU drops 2035 combustion engine ban as global EV shift faces reset
    EU drops 2035 combustion engine ban as global EV shift faces reset
    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says
    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    Campari's parent company settles tax dispute with 405 million euro payment
    Campari's parent company settles tax dispute with 405 million euro payment
    Universal offers to sell Downtown's Curve to win EU approval, source says
    Universal offers to sell Downtown's Curve to win EU approval, source says
    Reactions to European Commission proposal to reverse 2035 combustion engine ban
    Reactions to European Commission proposal to reverse 2035 combustion engine ban
    Italy's offshore wind push languishes, putting climate goals at risk
    Italy's offshore wind push languishes, putting climate goals at risk
    New Rome metro stations showcase ancient treasures after years of delays
    New Rome metro stations showcase ancient treasures after years of delays
    New Czech government signals tough stance on migration, EU emissions rules
    New Czech government signals tough stance on migration, EU emissions rules
    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 
    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 
    Zaporizhzhia nuclear plant running on single power line, Russia says
    Zaporizhzhia nuclear plant running on single power line, Russia says
    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say
    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostSpain bans live cattle exports over lumpy skin disease outbreak
    Next Headlines PostRTX raises 2025 forecast as strong demand offsets tariff worries

    More from Headlines

    Explore more articles in the Headlines category

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    Germany wraps up Patriot air defence mission in Poland

    Germany wraps up Patriot air defence mission in Poland

    Bosnian police detain two officials over deadly retirement home fire

    Bosnian police detain two officials over deadly retirement home fire

    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy

    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy

    Family of Bondi hero in Syria says his home country is proud of him

    Family of Bondi hero in Syria says his home country is proud of him

    UK police charge two men with belonging to Hezbollah, attending terrorism training

    UK police charge two men with belonging to Hezbollah, attending terrorism training

    Exclusive-Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say

    Exclusive-Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say

    UK police arrest teenage boy for murder after 9-year old girl dies

    UK police arrest teenage boy for murder after 9-year old girl dies

    Russia is main treat to peace in Euro-Atlantic area, eight northern and eastern European countries say

    Russia is main treat to peace in Euro-Atlantic area, eight northern and eastern European countries say

    UK to review foreign interference in politics after ex-Reform member's Russia bribery case

    UK to review foreign interference in politics after ex-Reform member's Russia bribery case

    Russia calls German broadcaster Deutsche Welle an 'undesirable organisation'

    Russia calls German broadcaster Deutsche Welle an 'undesirable organisation'

    Italy plans 2.4 billion euros investment in frigates, document shows

    Italy plans 2.4 billion euros investment in frigates, document shows

    View All Headlines Posts