Deutsche Bank warns it may be 'materially' affected by virus impact
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FRANKFURT (Reuters) - Deutsche Bank said on Friday that the impact of the coronavirus outbreak may affect the lender's ability to meet its financial targets. "We may be materially adversely affected by a protracted downturn in local, regional or global economic condition," the bank said in its annual report. The warning is the first time that Germany's largest lender has sounded the alarm on the outbreak, which has upended the bank's operations by causing it to split teams globally and cancel..