BP CEO says he’s not expecting big rise in oil price, says market balanced on a daily basis

Despite recent volatility for the price of oil, the CEO of BP believes the market is currently balanced and production is meeting demand on a daily basis. “I think everyone uses the word balanced and they forget that it means different things to different...

Post-crisis, US banks have recovered while their European peers are still looking for ways to survive

“The big U.S. banks will get bigger,” David Coker, lecturer in accounting, finance and governance at Westminster Business School, told CNBC via email. Coker, who is also a former vice president of global risk management at Deutsche Bank, added that share...