New York's finance sector faces risks from Trump visa crackdown | Business

NEW YORK, Sept 24, 2025 (BSS/AFP) - On a bright September morning, employees stream through the turnstiles and vast lobby of Goldman Sachs' headquarters in the sunlit Battery Park City neighborhood of Manhattan. More than 9,000 people work at the investment bank's New York head office. And hundreds of them depend on the H-1B skilled worker visa, recently targeted by the Trump administration for a dramatic overhaul. A September 19 order by President Donald Trump mandates $100,000 payments from companies for every new hire through the program. Though the major impact will be on the tech sector -- the largest source of H-1B hiring -- financial companies like Goldman Sachs will also be forced to re-evaluate their practice of hiring...