12/30/2011 10:56 am ET

Banks Cast Lines For Big Fish: Facebook

This year has been lackluster for Wall Street bankers. But next year, there's Facebook Inc. Up for grabs is the lead investment-banking role in the social-networking site's initial public offering, and long-time rivals Goldman Sachs Group Inc. and Morgan Stanley are considered front-runners, bankers and venture capitalists say.

Read more on The Wall Street Journal