By Saeed Azhar, Milana Vinn and Tatiana Bautzer

NEW YORK (Reuters) -The Trump administration’s overhaul of the H-1B system could have an outsized impact on the finance industry, which could face hiring challenges following the imposition of the new $100,000 fee.

Financial firms are among the largest users of H-1B visas, employment-based visas awarded by an annual lottery, although their usage is dwarfed by tech companies. In 2025, the 10 top U.S. financial firms received about 12,000 H-1B visas, according to government data, with JPM the biggest by far with 2,440.

One analyst said it will be harder for banks than for tech companies to bear the increased cost.

“Banks may have the highest hurdle to overcome with the new H-1B visas, as many tech firms report record profitability, making t

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