In January, Los Angeles faced devastating wildfires. The Palisades fire, which began on January 7, burned over 23,000 acres and destroyed more than 5,300 structures. That same day, the Eaton fire also broke out, burning approximately 14,000 acres, destroying over 7,000 structures and resulting in 17 fatalities.

Dominic Ng is chairman and chief executive officer of East West Bank, the largest publicly listed independent bank headquartered in Southern California.