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Banker who signed off Trump loans found dead after killing himself

<b>Banker who signed off Trump loans found dead after killing himself</b>A former Deutsche Bank boss who signed off hundreds of millions of dollars in loans to Donald Trump killed himself in his luxury Malibu home, it has been reported.
A former Deutsche Bank executive who signed off controversial loans to Trump killed himself in his luxury Malibu home. Thomas Bowers was only 55. The Los Angeles County Medical Examiner-Coroner's initial report attributed Bowers’ death to suicide by hanging. Deutsche Bank has been in the news a great deal because of its long-standing relationship with Trump. It is believed to have loaned more than $2 billion to Trump or entities related to him, over two decades, when other banks wouldn't. During his time with the investment bank, Thomas Bowers oversaw Donald Trump's personal private banker Rosemary Vrablic, who approved more than $300 million in high-risk loans to the then reality TV star, beginning in 2010. One source who has direct knowledge of the FBI's investigation into Deutsche Bank said that federal investigators have asked about Bowers and documents he might have. Another source who has knowledge of Deutsche Bank's internal structure said that Bowers would have been the gatekeeper for financial documents for the bank's wealthiest customers. Deutsche Bank agreed in 2005 to lend Mr. Trump more than $500 million to build a skyscraper in Chicago. He personally guaranteed $40 million of it, meaning the bank could come after his personal assets if he defaulted. After that loan was extended and the relationship between Deutsche Bank and Trump was solidified — and well before it went sour in 2008 due to Trump being unable or unwilling to repay the first loan — banker Rosemary Vrablic was assigned the Trump portfolio. Traditionally, private bankers discreetly manage customers’ wealth and act as high-end concierges. Ms. Vrablic, who started her career as a bank teller and then worked at Citigroup and Bank of America, did that and more. She also arranged large real estate and commercial loans for her best clients. To lure her, Deutsche Bank guaranteed that she would earn at least $3 million a year, unusually rich terms for a private banker, and would bypass a layer of management to report directly to Thomas Bowers, the head of the American wealth-management division, according to people familiar with her contract. By 2015, Trump's rhetoric had worn thin with Deutsche Bank's upper echelons and their reputational risk committee. Bowers was out–he joined Starwood Capital Group in 2015.


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