Trump said he would investigate the banking industry-related measures following the Los Angeles wildfire.

After meeting with Los Angeles Mayor Karen Bass, US President Donald Trump stated that he will investigate the responses of major banks following last year's devastating wildfires in Los Angeles. Trump revealed that he had discussions with Bass and other officials to discuss the progress of rebuilding after the fierce mountain fires that ravaged Los Angeles and surrounding areas. He praised insurance companies for their support to affected homeowners but mentioned that there is still room for improvement in the banking industry. Trump said, "Starting today, we will investigate the actions of banks. Banks must treat the people who lost their homes in this tragic fire with fairness and proper care." Trump did not specify which specific behaviors of financial institutions he will investigate this time. The president has always harshly criticized Democratic officials in California, especially Mayor Bass and Governor Gavin Newsom, accusing them of failing to respond adequately after the disaster and not providing enough assistance to the displaced homeowners.