Goodbody was owned by Allied Irish Banks during the property bubble but was sold to financial services group Fexco in 2010.
Shares in Allied Irish Banks and Bank of Ireland have fallen sharply.
ECONOMIST: Tough times for Ireland��s government��and its people
Allied Irish Banks, the parent company of First Trust in Northern Ireland, has confirmed that it is cutting its workforce by 2, 500.
Achilleas Kallakis and Alexander Williams were sentenced to seven years and five years at Southwark Crown Court for defrauding Allied Irish Banks and Bank of Scotland.
The earlier proposed deal would have Santander buying the 22.5% stake in MTB that was put on the block by Allied Irish Banks, but STD wanted to have control over the new alliance.
Since the restructuring of the business, its majority shareholders have been Allied Irish Banks and Lloyds Banking Group, who had hired advisers Cavendish Corporate Finance to carry out a "full exit review" of the business.
American depositary receipts of Allied Irish Banks, which is expected to be effectively nationalized, were up 4.8%, while Bank of Ireland, which is trying to raise private cash to avoid an increase in the government's 36% ownership stake, was up 15.3%.
London-based Independent Strategy suggests going long on Irish sovereign debt and buying the senior debt of a few selected Irish banks, including Allied Irish and Bank of Ireland.
Unlike British banks, HSBC and Barclays, Allied Irish did not get a boost from buoyant investment bank earnings, with revenues from asset management, investment banking and wealth management all down.
In 2010, both Irish banks tested, Bank of Ireland and Allied Irish Bank, were given a clean bill of health.
But you also have banks like the National Bank of Greece, Allied Irish Bank, La Caixa Barcelona and Societe Generale.
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