Wachovia Corp.'s Treasury Services Group said it will pass a recent Federal Deposit Insurance Corp. rebate along to its corporate customers.

On Sept. 15 the agency refunded to commercial banks $1.5 billion of overcollected bank insurance funds.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.