India, Sept. 22 -- The increase in H1-B visa costs for foreign employees in the United States is "manageable", an HSBC Holdings executive said, as the London-based lender has fewer workers there than some of its peers or major technology firms.

"We don't have a huge amount of visa holders," Michael Roberts, who heads the HSBC's corporate and institutional banking division, told Bloomberg TV 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.

The Trump administration has raised the application fee for H-1B visas to $100,000 as part of efforts to protect American jobs and strengthen national security. The move has sparked chaos and alarm amo...