Stagnant interest rates, legal issues and scandals have put the banking sector on edge in recent months -- topics that will be discussed during TheStreet's live video panel at 2:30 p.m. EDT on Monday.

At the beginning of the year, the Federal Reserve planned to raise interest rates four times in 2016. But worries about China's economy sparked a wave of volatility across stock markets, upending the central bank's goal of continuing to normalize policy after pushing interest rates to near-zero in December 2008. The Fed made its first rate hike since the recession in December 2015.

Britain's landmark vote to leave the European Union in June and economic uncertainty surrounding the U.S. presidential election prompted further delays.

Lower rates have squeezed profits at major banks that rely on net interest margins, or the difference between the rate the bank borrows at and the rate it lends at.

Banking stocks in the S&P 500 rose 1.4% year-to-date, less than the broad S&P 500's nearly 5% rise. 

Meanwhile, the sector faced a wave of fresh negative publicity in recent months, especially as it tries to move past the reputational damage it suffered in the 2008 crisis.

TST Recommends

Wells Fargo (WFC) - Get Report  admitted employees struggling to meet sales goals opened up as many as 2 million bank and credit card accounts without customer consent which led to the departure of its once-admired CEO John Stumpf.

Plus, Deutsche Bank (DB) - Get Report faces a potential $14 billion settlement from the U.S. Justice Department stemming from toxic mortgage-related securities it sold in the years leading up to the financial crisis.

That said, recent earnings reports from Morgan Stanley (MS) - Get Report , Bank of America (BAC) - Get Report , JPMorgan Chase (JPM) - Get Report and Goldman Sachs (GS) - Get Report show profitability is recovering.

TheStreet is holding a live one-hour video panel at 2:30 p.m. EDT to discuss these issues with industry experts, including James Langford, TheStreet's banking editor; Rana Foroohar, author of Makers and Takers; and CFRA Research banking analyst Erik Oja.

Watch the live discussion in the video box below:

EXCLUSIVE LOOK INSIDE: Wells Fargo is a holding in Jim Cramer's Action Alerts PLUS charitable trust portfolio. Want to be alerted before Cramer buys or sells the stock? Learn more now.