The information on this is vague/I'm just dumb and can't find them. Nevertheless, I'm interested to know what does the character keep after a faction change:
1. Contents in bank
2. Bags in bank (the ones we use to expand bank slot)
3. Contents in inventory
4. Bags we use to expand inventory slot
5. Gold in bank
6. Gold in inventory
7. Reputations
8. Flight paths
Just answer like this:
1. Yes/no/etc
etc
8. Gets reset/etc