The Globe and Mail reports in its Monday edition that Barclays and Credit Suisse on Monday will settle federal and state charges that they misled investors in their dark pools. A Reuters dispatch to The Globe says Barclays will admit it broke the law and agree to pay $70-million, the New York Attorney-General's office said Sunday (all figures U.S.). The settlements between the banks and the Securities and Exchange Commission and the New York Attorney-General will mark the two largest fines ever paid in connection with cases involving dark pools. The banks allegedly misled investors, saying they would be protected from predatory high-frequency traders. The banks will pay a combined $154.3-million. Of that, Barclays will pay a $70-million fine split evenly between the SEC and New York State, admit it violated securities laws, and agree to install an independent monitor to ensure that its dark pool Barclays LX will no longer break the law. Credit Suisse will pay a $60-million fine split between the regulators, plus $24.3-million in disgorgement to the SEC for executing 117 illegal subpenny orders out of its dark pool known as Crossfinder. Credit Suisse will neither admit nor deny the allegations.