Banks Boost Skilled India Hires Amid H-1B Crackdown: The Brief

WALL STREET IS adding more financial specialist jobs in India, ramping up recruitment as President Donald Trump tightens immigration controls on high-skilled workers with $100,000 H-1B visa fees, Saikat Das, Siddhi Nayak, Ruchi Bhatia, and Chanyaporn Chanjaroen report.

• US bank executives are in talks to ramp up their global capability centers in response to the H-1B visa crackdown, according to people familiar with the matter. Some lenders are seeking to revoke offers for US positions or create alternative roles at GCCs.
• The prospect of accelerated expansion by global banks underscores the limits of Trump’s strategy to safeguard ...