Investment Advisor's "National Financial Adds to Sweep Options" writes, "Fidelity's National Financial has launched a new Bank Deposit Sweep Program, which enhances its existing single-bank sweep program by offering its affiliated broker/dealers the opportunity to sweep cash from customers' eligible brokerage accounts into interest-bearing, FDIC-insured bank accounts at up to eight different banks. The Sweep Program also offers tiered interest rates based on the brokerage account balances, consolidated statements and tax reporting, and account access that permits using the cash to cover securities purchases, and check and debit card transactions. Commonwealth Financial Network is the first independent B/D to make the new sweep program available to its end clients." In other news, Moody's put out two releases Friday, "Moody's downgrades BGI Sterling Liquidity Plus Fund credit rating to A from Aaa" and "Moody's downgrades BGI LSF Euro Fund credit rating to Aa; confirms BGI LSF Sterling Fund Aaa credit rating", which say, "Moody's review focused on the impact on the fund of the restructuring of its holdings of Whistlejacket Capital, Ltd., a defaulted Structured Investment Vehicle."
