G. Kennedy Thompson of court a case in which it allegedly laundered over $378 billion in cash and traveler's checks from Mexican drug cartels in the years 2004 - 2006, during Thompson's tenure as CEO. Terms of the settlement included a $110 million forfeiture and a $50 million fine. Thompson was pushed out of Wachovia Bank (WB) on June 2, 2008, as head of the nation’s fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the U.S. housing market. Thompson will not receive any incentive pay for the 2008 fiscal year, but according to a filing with the
ACLEDA Bank Bank had raised its issued and paid-up capital from US$88,372,500 to US$113,169,560. On June 24, 2015, ACLEDA Bank increased its share capital from US$225,535,605 to US$265,726,050. On June 8, 2016, ACLEDA Bank increased its share capital from $265,726,050 to $307,763,911. On May 12, 2017, ACLEDA Bank increased its share capital from $307,763,911 to $358,544,956. In 2008, ACLEDA Bank expanded its business to Laos, becoming the first Cambodian bank to begin operations within the country. As of December 31, 2017, ACLEDA manages 42 branches within Laos. Following the lifting of international sanctions on Myanmar in early 2012, the bank applied for