Citigroup CEO Michael Corbat defended the Wall Street bank’s sponsorship of an upcoming event in New York City honoring Brazil’s president Jair Bolsonaro, who has a history of homophobic comments. Corbat told CNBC’s “Squawk on the Street” that the bank spends “a lot of time” making sure its staff understand the company’s support of the LGBT community... “We spend a lot of time making sure our people understand the values of our company, and I hope in the case of that, there’s no question in terms of our support, our unwavering support, for our LGBT community,” Corbat told CNBC’s Carl Quintanilla. “In there, we’re supporting the Brazilian Chamber of Commerce. We’ve operated in Brazil for many, many decades, and I think we’re very clear in terms of our stance.” Citi has received a perfect score on the Human Rights Campaign Foundation’sCorporate Equality Index for 15 consecutive years.