Funding International Exchange Merger!

Online, June 24, 2011 (Newswire.com) - Funding International Exchange (FIE) announced it has completed the merger of two principal U.S brokerage firms.

FIE is a leading global financial service firm providing a wide range of investment banking, securities, investment management, and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 60 offices in 21 countries.

Effective June 1, 2011 Funding International Exchange and Direct Money Source Inc. were merged into a single brokerage firm. The merger has enhanced the integration of products, services and processes across the Firm's various lines of business.

While Wall Street has gone through tough times before only to emerge bigger and stronger, some question whether the industry can rebound quickly after using high levels of leverage, or borrowed money, to binge on risky investments. Those investments have proved to be disastrous. Worldwide, financial companies have reported more than $500 billion in charges and losses stemming from the credit crisis.

Now, executives like Daniel Desta, the chief executive of Funding International Exchange say "investment firms will need large bases of deposits to shore up their capital for times of trouble." With this merger, Daniel believes it will place (FIE) in a dominate position in this troubled market, freeing up 32% of liquid funds and enhancing the revolutionary approach to the market that will allow there clients and investments to sky rocket past there competitors.

CEO David Singui has been saying for months that he plans to sell assets to raise cash, but the executive, according to reports, is getting ready to announce that Direct Money Source Inc. is abandoning the financial "supermarket" model of servicing all individuals' and businesses' financial needs, from saving to borrowing to investing to deal-making.

The new unit, to be called Funding International Exchange, will have countless advisors, $8.2 billion in client assets; and serve 18,670 households around the world, the companies said. The new administration could "come to the realization that the whole economy does not hinge on the banks," said Guy Carrillo, head of financial consultancy. "Banking is important. The banks themselves are not." The joint venture is expected to achieve total cost savings for the two companies of around $19.1 million.