(Reuters) - SpaceX is building launch facilities, office buildings and even a shopping center in rural Texas, as billionaire Elon Musk's space venture rapidly expands its rocket and satellite business across the Lone Star state. But a Reuters review of Texas property records shows that SpaceX and its contractors can be far slower to pay builders and suppliers than they...

May 13 (Reuters) - Royal Bank of Canada ( RY ) has named insider Matthew Stopnik head of global investment banking as part of a larger restructuring within the unit, according to a memo seen by Reuters on Monday. The bank also named Vito Sperduto as the head of RBC Capital Markets in the U.S. WHY IT'S IMPORTANT RBC, which...

May 13 (Reuters) - Raymond James will partner with billionaire Todd Boehly's investment firm Eldridge Industries to expand into the $1.7 trillion private credit market, mirroring attempts by other banks. The bank said on Monday the new venture will invest in private equity-backed companies across four primary sectors - consumer, diversified industrials, healthcare and technology & services. Private credit refers...

May 13 (Reuters) - Archegos Capital Management founder Sung Kook Bill Hwang appeared in court on Monday to face charges stemming from the 2021 collapse of the $36 billion fund. The case has been closely watched on Wall Street as a test of prosecutors' ambitious market manipulation theory. It is expected to shed light on the inner workings of banks'...