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President Trump's new $100,000 H-1B visa fee, effective October 1st, is significantly impacting Silicon Valley and Wall Street. Major financial firms like JPMorgan Chase, Goldman Sachs, and American Express, heavily reliant on H-1B visas for skilled workers, were caught off guard by the executive order. Data shows these firms utilize the program for various roles, particularly in technology. Banks like Wells Fargo, Bank of America, and Citigroup declined to comment on the impact.

Prepared by Christopher Adams and reviewed by editorial team.