Jailing of NAB exec a scary déjà vu for NAB (ASX:NAB) share price

The jailing of a former executive couldn’t come at a more inopportune time for the National Australia Bank Ltd. (ASX: NAB) share price.

The NAB share price tumbled 1.9% in after lunch trade to $23.76 as the stock was swept up in the broader market sell-off.

While the minimum four years nine months imprisonment of ex-NAB employee Rosemary Rogers isn’t a factor in the falling NAB share price, it reminds investors of the bank’s chequered past.

NAB share price tainted by scandals

I think it’s safe to say that no other ASX bank is as scandal prone as NAB. Let’s not forget it was the only major financial institution to lose both its chairman and chief executive to the Banking Royal Commission.

Those with a long enough memory…