Kostin Says U.S. Is ‘Nearly Bankrupt’

Andrei Kostin, chief executive officer of VTB Group, said the United States is “nearly bankrupt,” roiling the financial industry and stifling credit flows. “The constant threat of a financial crisis and defaults hangs over the financial banking sector, and on the whole, the overall situation on the global market remains very complicated,” Kostin said at a conference in St. Petersburg on Thursday. “We see that the United States is nearly […]