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The company, owned by the Royal Bank of Scotland, is expected to shift the business to Hall Moore CHI.

Hall Moore's above-the-line affiliate Clemmow Hornby Inge currently dominates the RBS roster -- not only does it handle The One Account, Direct Line and Mint credit cards, but this week it was also handed briefs for Lombard Direct and Churchill. M&C Saatchi, meanwhile, handles RBS's NatWest and Privilege brands.

Tequila\London refused to confirm or deny the story.

The Omnicom agency, which was formed in January out of a merger between the existing London office of Tequila and TBWA\GGT, will take some consolation from its recent capture of the £20m Morgan Stanley credit card account.

No one at The One Account was available for comment as ±±¾©Èü³µpk10 went to press.

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