Thomas Bowers was a former Deutsche Bank executive who reportedly signed off on a $2 billion loan to Donald Trump after other banking institutions refused to lend to the real-estate developer after a long and well-established history of defaults and bankruptcies.
Bowers committed suicide in November 2019.
He was no longer working for Deutsche Bank when he died.
https://lamag.com/politics/deutsche-bank-death
Bowers was described as a “gatekeeper for some of the bank’s wealthiest customers.”
The New York Times reported in 2019 that Trump’s dealings with Deutsche Bank were being investigated by two Congressional committees and the New York Attorney General.
“Over nearly two decades, Deutsche Bank’s leaders repeatedly saw red flags surrounding Mr. Trump,” The Times reported. “There was a disastrous bond sale, a promised loan that relied on a banker’s forged signature, wild exaggerations of Mr. Trump’s wealth, even a claim of an act of God.
“But Deutsche Bank had a ravenous appetite for risk and limited concern about clients’ reputations. Time after time, with the support of two different chief executives, the bank handed money — a total of well over $2 billion — to a man whom nearly all other banks had deemed untouchable.”
New York attorney general Letitia James filed a civil suit against Trump accusing him, his adult sons and their family business “of inflating the value of Mr. Trump’s assets to secure favorable loan terms from banks.”
The Times reported that the New York State Supreme Court previously ruled that Trump “persistently committed fraud, deciding that no trial was needed to determine the veracity of the claims at the core of Ms. James’s lawsuit.”
A former bank risk manager testified at Trump’s civil fraud trial in October 2023 that he made decisions on loans to the real estate mogul turned president that were based on what a judge has ruled were wildly inflated.
