The 20 financial firms that could be hardest hit from Trump's new H-1B fee — from Goldman Sachs to Citi

Core Insights - The largest bank in the country is focusing its H-1B hiring on technology roles, with over 500 certified applications for various technical positions [1] - Major financial institutions are heavily reliant on H-1B visas to fill technology roles, with significant applications from banks like Chase and Goldman Sachs [2] - The data analyzed includes certified visa applications from the Department of Labor and USCIS, providing context on immigrant labor demands in the financial sector [3][4] H-1B Visa Application Trends - Wall Street banks are facing challenges due to a new H-1B visa application fee set to take effect, which has raised costs significantly [5][6] - The new application fee for H-1B visas has been increased to $100,000, impacting financial firms' hiring strategies [6] Company-Specific Hiring Data - Fidelity submitted 40 applications for full-stack engineering directors and 125 for full-stack engineering principals, alongside non-technical roles [7] - Goldman Sachs had 1,280 certified applications, focusing on a range of technologist and financial roles [8] - American Express submitted 921 applications, primarily for technologist roles, with over 125 for engineering positions [8] - Citigroup filed 874 applications, with a significant focus on technology roles [10] - Capital One had 871 certified applications, mainly for technology and data roles [11] - Visa submitted 770 applications, focusing on tech and data hires [12] - Bank of America filed 718 applications, with a strong emphasis on technology hiring [14] - Morgan Stanley had 673 applications, primarily for vice president-level roles [15] - US Bank submitted 624 applications, largely for technology roles [16] - Barclays filed 457 applications, focusing on technology and some front-office roles [17] - Mastercard had 434 applications, all related to technology [18] - Wells Fargo submitted 391 applications, with a focus on technological hires [19] - UBS filed 339 applications, including both tech and financial roles [20] - BlackRock had 294 applications, primarily at the associate or vice president level [21] - State Street submitted 213 applications, focusing on technology and some financial roles [23] - Vanguard filed 209 applications, with a significant portion for technical roles [25] - Moody's had 199 applications, focusing on technologists [26] - Truist submitted 185 applications, with a majority for software engineering roles [27] - Discover filed 144 applications, with a focus on data science and technical roles [29]