Wells Fargo & Co. is laying off 90 employees as it closes a division in Jacksonville, the San Francisco-based bank said in a March 4 letter to city and state officials.

Q2 Holdings, Inc. (NYSE: QTWO), a provider of digital transformation solutions for financial services, has announced that Wells Fargo (NYSE: WFC) has launched a commercial banking platform.

The company sells capital markets technology to small banks that have growing international processing needs, betting the lack of client overlap prevents a big bank/small bank competition.

Earlier in his career, he also worked at Mastercard, where he held leadership roles in digital ... ensuring Wells Fargo has the core capabilities to offer best-in-class card payment solutions ...