Analysis-Financial firms to feel outsized impact from Trump’s H-1B overhaul
The Trump administration’s H-1B visa changes may significantly affect the finance sector. A new $100,000 fee could pose hiring challenges for financial firms. These firms heavily rely on H-1B visas. Banks might struggle more than tech companies with the increased cost. Some banks may move tech functions offshore. JPMorgan will discuss the issue with policymakers.
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