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(Adds Barclays response)
April 20 (Reuters) - The U.S. Department of Justice wantsfive banks, including JPMorgan Chase & Co and BarclaysPlc, to reach a joint "mega settlement" to allegationsthey manipulated foreign exchange markets, the Financial Timesreported, citing unidentified people familiar with the case.
The settlement would see some institutions pay about $1billion each and is scheduled for mid-May, it said. Thesettlement talks also include Citigroup Inc, Royal Bank ofScotland Group Plc and UBS Group AG. (http://on.ft.com/1DFRUjx)
However, it is not certain whether the Department of Justicewill be able to resolve all of the probes at once, the reportsaid, citing sources close to the matter.
The probe is being led by the fraud division of theDepartment of Justice.
In November, regulators fined six major banks $4.3 billionin the first settlements over traders manipulating the foreignexchange market.
However, the settlement did not involve the Department ofJustice.
Citigroup and Barclays declined to comment. The other banksand the Department of Justice were not immediately available forcomment. (Reporting by Narottam Medhora and Manya Venkatesh inBengaluru; Editing by Cynthia Osterman)
