(Bloomberg/Harry Wilson) — HSBC Holdings Plc said the increase in visa costs for foreign employees in the US is “manageable” for the lender as it has fewer workers there than some of its peers or major technology companies.

“We don’t have a huge amount of visa holders,” Michael Roberts, who heads the British lender’s corporate and institutional banking division, told Bloomberg Television in an interview on Monday. “For us, it is manageable.” It may be a “much bigger issue” for other financial services companies and tech firms he added.

Various HSBC units in the US received H1-B visas for 54 employees in the fiscal year 2025, according to the USCIS website. That compares to 2,440 at JPMorgan Chase & Co., the finance firm with the biggest cohort in the dataset.

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