The scandals keep coming: US regulators have rejected Wells Fargo's "living will" — a plan for unwinding the bank's affairs if it fails — for the third time, meaning that the bank will now face tough sanctions, including a ban on establishing international subsidiaries and on acquiring nonbanking companies. The City of San Francisco, the birthplace of Wells Fargo, has now blacklisted the bank from doing its business — something the state of California had already done.