A short time ago Irish Life and Permanent's share price was down more than 65%, although AIB has recovered from significant falls in early trading, and is now up 5%.
Bank of Ireland's up more than 38.5%, after they issued a statement outlining their plans to avoid slipping into state control.
The markets' verdict on the Government's new banking plan will become clear in the coming hours.
After banking stress tests revealed the need for €24bn yesterday, the Government revealed bondholders would not be forced to share the burden.