Iceland suspends stock exchange trading

Iceland has suspended trading on its stock exchange as the country continues to struggle to cope with the global financial crisis.



Authorities said the decision to suspend trading was made due to unusual market conditions.



It follows the takeover by the government of Kaupthing, Iceland\'s largest bank.



Kaupthing is the third bank to be seized.



The government took control of Landsbanki and Glitnir earlier this week.



The country\'s Financial Supervisory Authority said the move is also in an attempt to safeguard its domestic banking system.



Trading is expected to resume on Monday.