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Deutsche Bank shares hit three-week high

Deutsche Bank
Krisztian Bocsi | Bloomberg | Getty Images

Deutsche Bank topped $14 a share in New York trade Monday for the first time since news of the Justice Department's request for a $14 billion settlement sent the stock in a downward spiral.

The stock later slipped below that level and closed at $13.90 a share, but still up nearly 2 percent on the day.

The gains followed a Reuters report earlier Monday that the German bank's management is rethinking its business strategy. Reuters cited sources familiar with the situation.

Deutsche Bank did not immediately return an emailed request for comment to CNBC.