ZURICH, March 24 Credit Suisse Chief
Executive Tidjane Thiam received 11.9 million Swiss francs
($11.95 million) in 2016, Switzerland's second-biggest bank
disclosed in its annual report on Friday.
This compared to the 4.57 million francs he earned in 2015
after joining Credit Suisse on June 22. UBS Chief Executive
Sergio Ermotti received 13.7 million francs for 2016.
Zurich-based Credit Suisse also said it had reached a
settlement in principle to resolve a residential mortgage-backed
securities (RMBS) case with the National Credit Union
Administration Board (NCUA), deepening its 2016 net loss to 2.71
billion francs from 2.44 billion.
($1 = 0.9956 Swiss francs)
(Reporting by Joshua Franklin)