US Banks to Lean on India Hubs After Trump Imposes Visa Fees

(Bloomberg) -- Wall Street banks are set to rely more on their Indian business support centers following President Donald Trump’s shock move to impose $100,000 fees on new applications to the widely used H-1B visa program. US lenders including Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among the biggest employers of India’s so-called global capability centers, which handle operations from trading support and risk management to tech assistance. Staffed with software engineers, qu ...