Deutsche Bank Executive Who Signed Off On Trump Loans Found Dead In His Malibu Home From Apparent Suicide
Thomas Bowers, a former Deutsche Bank executive and head of the American wealth-management division, killed himself in Malibu, California, on Tuesday, November 19th, according to the Los Angeles County coroner’s initial report.
Bowers has three adult children. He was widowed in 2017. He reportedly became engaged this summer to a longtime Malibu local he had known since childhood. According to our sources, the two broke up shortly before Bowers committed suicide.
Former Deutsche Bank Executive Ordered To Pay $500,000 To Settle Claims Relating To RMBS Fraud
Federal Prosecutors have reached an agreement with former Deutsche Bank executive Paul Mangione. Federal prosecutors and Mangione settled a civil action filed in September 2017. Mangione was a former Managing Director and head of subprime trading at Deutsche Bank.
The federal government sought civil penalties for Mangione’s conduct with Deutsche Bank’s marketing and sale of two residential mortgage-backed securities (RMBS) in 2007. The agreement also provides for payment of $500,000 in civil penalties in exchange for dismissal of the complaint.