A former Deutsche Bank executive who signed off on several controversial loans to Donald Trump killed himself in his Malibu home earlier this month.
Thomas Bowers, 55, hanged himself on November 19 at his beachside home. The banker was not working for Deutsche Bank at the time.
He is among a handful of people who signed off on loans totaling $2billion to Trump in the decades before he became president, even after other institutions turned him down.
Bowers’ wife Abigail died in 2017. The couple had three children together.
He was the head of the American wealth-management division at one time and oversaw Rosemary T. Vrablic, Trump’s private banker.
Bowers is understood to have left the bank in 2015.
His most recent known position was on the board of directors at Opus Bank, which he left in 2018.
The L.A. County Coroner’s Office confirmed in its ruling that Bowers died as a result of suicide by hanging.
After Trump took office, Deutsche Bank came under intense scrutiny for its loans to the then-businessman, which were given despite warning signs that he was undesirable to other institutions.
They have even become the subject of investigations by House Committees and the New York Attorney General.
In March, The New York Times reported how Vrablic reported directly to Bowers and was promised a $3million salary when she joined in 2006.
In a press release announcing their new hire, Bowers said of her: ‘Rosemary is widely recognized as one of the top private bankers to the US ultra high-net-worth community.’
Deutsche Bank was giving Trump loans as recently as 2015, during his presidential campaign, to buy properties around the world.
Under Vrablic, he got $300million.
The rest of the money had come through years earlier in different formats than through the private banking division.