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News For: Seattle AnnuitiesWaMu���s credit rating cut again; retail bank strong, expert says Washington Mutual suffered another blow Wednesday when Standard & Poor���s Ratings Services downgraded the embattled Seattle-based bank���s creditworthiness yet again, saying the sale of the bank as a whole unit might not be likely or possible. NAVA Reports Second Quarter Variable Annuity Industry Data NAVA, the Association for Insured Retirement SolutionsR, today announced second quarter results for the variable annuity industry. The combined net assets of U.S. variable annuities increased 0.1% to $1.41 trillion at the end of the second quarter, as compared with the end of the first quarter of 2008. Net assets decreased by 3.3% relative to the second quarter one year ago. |