Good morning from the Financial Tunt. Today is Wednesday, December 22.

And this is your FT News briefing.

As Chinese listings vanish from US stock markets, the country's exchanges are searching elsewhere

for new revenues, and the Turkish lira has spent most of the year in free fall. But yesterday,

Turkey's president sent the currency soaring. Plus banks in the US have been saying they want to

help black business owners. But are they making a positive contribution?

All the banks are paying a lip service to it, but at the same time, they don't want to

widen their credit box or lower their credit standards.

I'll talk with the FT's US banking correspondent, Amani Louise,

about why it's so hard to change America's segregated banking sector.

A Mark Filipino, and here's the news you need to start your day.

Chinese companies are leaving US stock markets because of political tension between Washington

and Beijing. Now, US stock exchanges want to replace the lost revenue of those IPOs.

The FT reports that the NASDAQ and New York Stock Exchange are eyeing India and Southeast Asia

and other Asian countries as sources for future IPOs. One NASDAQ executive said the pipeline

of companies in Asia had grown into a few dozen, but it'll be tough to replace all the revenues

generated by lucrative and abundant Chinese listings, which this year outnumbered the IPOs

for the whole Asia-Pacific region over the past decade.

Turkey has made headlines for its interest rate cuts, despite other central banks raising rates

and despite severe inflation in Turkey. Now, those Turkish rate cuts have demolished the country's

currency, the Lyra. But yesterday, President Recep Tayyip Erdogan pulled a rabbit out of his hat.

He announced a new saving scheme to boost the Lyra by encouraging Turks to hold more of their

...