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The Observer leads with an exclusive story that the new chairman of NatWest is “facing scrutiny over his former role with international oil group PetroSaudi”. The group is “embroiled in one of the world’s biggest financial scandals”, the paper alleges, and states that while there is no suggestion of wrongdoing on the part of city veteran Rick Haythornthwaite, “it raises questions over his judgment in working for the oil firm”.