Deutsche Bank AG, Germany's biggest bank, said the U.S. subprime collapse and slowing economic growth will make it harder to reach a full-year profit goal. Deutsche Bank fell as much as 2.9 percent in Frankfurt trading after it said further possible asset writedowns and worsening economic conditions would ``adversely affect our ability to achieve our pretax profitability objective.'' The Frankfurt-based bank aims for pretax earnings of 8.4 billion euros this year, excluding one-time costs and charges, helped by growth from consumer banking and money management. Those units may not be able to offset a slowdown in investment banking should the economy weaken more than expected, the bank said in its annual report published today. ``The near-term outlook continues to be very challenging,'' Chief Executive Officer Josef Ackermann said in the report. ``Conditions remain difficult both in financial markets and the wider economy.'' Deutsche Bank fell 1.62 euros, or 2.2 percent, to 71.88 euros by 9:09 a.m., bringing declines this year to 19 percent and cutting its market value to 38.2 billion euros. That compares with a 17 percent drop at the 60-member Bloomberg Europe Banks and Financial Services Index. U.S. consumer confidence fell more than forecast in March and home prices in January dropped by the most on record, supporting what economists say is almost certainly the second recession of the decade. Deutsche Bank may miss its 2008 forecast and earn 6.77 billion euros before taxes this year because of a slowdown in debt markets, according to the median estimate of 7 analysts surveyed by Bloomberg. http://www.bloomberg.com/apps/news?pid=20601087&sid=ayxXx8RpaHaQ&refer=home Oh Acki, come on ! I thought you are MY MAN !