What a weekend that was, reader.

By now, you've probably heard a lot about the sudden, bank run-driven collapse of Silicon Valley Bank, one of the tech industry's most stalwart and trusted institutions. There's a lot to catch up on, so buckle up.

The weekend was a period of intense stress in the tech industry, as the bank's customers wondered what they would do if Monday rolled around and they couldn't get access to the cash they needed to make payroll or pay their office rent.

Well, late on Sunday afternoon, the federal government stepped in: While the bank itself will no longer be a going concern — its assets are already being auctioned off  — the FDIC is guaranteeing that anyone who had their money in Silicon Valley Bank will be made whole.

Then, news broke early this morning that HSBC has bought the UK arm of collapsed SVB in a last-minute deal. The UK government and the Bank of England facilitated the private sale, UK Chancellor Jeremy Hunt said on Twitter: "Deposits will be protected, with no taxpayer support".

You can follow our live coverage here.

As the tech industry breathes a massive sigh of relief, here's what you need to know going into your week.

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1. "Our money is gone." Before the FDIC stepped in to save the day (for depositors, anyway), the collapse of Silicon Valley Bank sparked fear, uncertainty, and panic as startups suddenly lost access to whatever cash they had stashed there.

Here's the latest from Insider on the Silicon Valley Bank meltdown:

• Insider took a deep dive into the recent history of Silicon Valley Bank, giving insight on the financial and strategic decisions it made to get to this point, from the perspective of the startups and VCs involved.

• Insider's Dan DeFrancesco writes that the panic-driven bank run reflected poorly on SVB's customers, who only took a few days to turn their back on a bank that had served them well for decades.

• SVB staffers spent Friday polishing their resumes or hitting the bar after being told to leave the office.

• It turns out that Roku had a full 26% of its cash tied up in Silicon Valley Bank, making it one of several larger tech companies that must be thrilled to be getting their cash back.

• My colleague Alistair Barr writes about what made the SVB bank run so scary: If the FDIC hadn't stepped in to make a special exception, almost 90% of its deposits would have been uninsured. Insider also analyzed the regulatory filings of 15 major US banks and found at the end of 2022, there was well over $1 trillion in uninsured deposits.